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Bitcoin Network Computing Power Slumps as Kazakhstan Crackdown Hits Crypto Miners

Published

3 years ago

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Bitcoin Network Computing Power Slumps as Kazakhstan Crackdown Hits Crypto Miners

As the Internet in Kazakhstan was shut down during a deadly uprising this week, the global computing power of the Bitcoin network has plummeted, which has hit the country’s fast-growing cryptocurrency mining industry.

According to data from the Cambridge Alternative Finance Center, Kazakhstan became the world’s second largest Bitcoin mining center after the United States last year. Prior to this, China’s main hub, China, banned cryptocurrency mining activities. The price of Bitcoin in India is Rs. As of 10:20 AM US Standard Time on January 7, it had reached 3.35 million.

Russia sent paratroopers into Kazakhstan on Thursday to help suppress uprisings across the country as violence spread in this strictly controlled former Soviet country. The police said they killed dozens of mobs in the main city of Almaty, while state television reported that 13 members of the security forces had died. “.

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This move may prevent miners in Kazakhstan from accessing the Bitcoin network.

Bitcoin and other cryptocurrencies are created or “mined” by high-performance computers, usually located in data centers in different parts of the world, and they compete to solve complex mathematical problems in a highly energy-intensive process. Last August, the most recent time based on available data, Kazakhstan accounted for 18% of the global “hash rate”-the cryptographic term for the computing power used by computers connected to the Bitcoin network.

In April, before China’s latest crackdown on Bitcoin mining, this figure was only 8%.

On Thursday at 1215 GMT (5:45 PM U.S. Standard Time), the hash rate of major crypto mining pools-miners in different locations collaborate to produce bitcoin-including AntPool and F2Pool, reportedly their hash rate ratio The level fell by about 14% late Tuesday. Data from mining company BTC.com. Neither mining pool immediately responded to Reuters’ request for comment.

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Cracking down on cryptocurrency mining

However, the drop in hash rate does not necessarily support the price of Bitcoin.

Bitcoin fell below $43,000 (approximately 3.2 million rupees) on Thursday, a test low of several months, as investor interest in risky assets declined as the Fed tends to take more aggressive policy actions.

The more miners on the network, the greater the computer power required to mine new bitcoins. If miners exit the network, the hash rate will drop, which theoretically makes it easier for the remaining miners to produce new coins.

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The cryptocurrency mines in Kazakhstan are mainly powered by aging coal power plants, and these power plants themselves—along with coal mines and the entire towns built around them—are a headache for the authorities when they seek to decarbonize the economy.

The government of Kazakhstan said last year that it plans to crack down on unregistered “gray” miners first. It is estimated that these miners may consume twice as much electricity as “white” or officially registered miners.

Complete News Source : Gadgets360

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Music

While a Punjabi vocalist croons, PM Modi replicates Diljit Dosanjh’s beats and beats the table like a dholak. Observe

Published

3 weeks ago

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January 2, 2025

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While a Punjabi vocalist croons, PM Modi replicates Diljit Dosanjh’s beats and beats the table like a dholak. Observe

Prime Minister Narendra Modi recently met acclaimed singer- actor Diljit Dosanjh, describing their interaction as “very memorable.” 
Prime Minister Narendra Modi met singer-actor Diljit Dosanjh and lauded him as “a combination of talent and tradition.” During the “memorable’ meeting”, the two discussed music, culture, and India’s vibrancy, including yoga.

Diljit, PM Modi match beats

During the meeting, PM Modi praised Diljit for his achievements, saying, “When a boy from a small village in Hindustan shines on the global stage, it feels amazing. Your family named you Diljit, and you keep on winning people’s hearts, just as your name suggests.”

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Diljit responded, “We used to read that ‘Mera Bharat Mahan’ (My India is great), but when I travelled across India, I realised why people say this.” PM Modi highlighted India’s diversity, saying, “India’s vastness is its strength. We are a vibrant society.”

Diljit added, “The greatest magic in India is yoga.” PM Modi agreed, saying, “Those who have experienced yoga know its power.”

The singer-actor also admired PM Modi’s personal journey, saying, “I had watched your interview, sir. The position of Prime Minister is great, but behind it, there is a mother, a son, and a human being. Many times, this half-truth is much larger when you carry your mother and the sacred Ganga with you. That touches the heart.”

Diljit then sang a song on Guru Nanak, as PM Modi listened intently, beating the adjacent table like a dholak, matching his beats with Diljit’s.

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Diljit, PM Modi express grattitude

After the meeting, Diljit Dosanjh expressed his gratitude, calling it a “fantastic” way to start the year. He posted on X, “A fantastic start to 2025. A very memorable meeting with PM @narendramodi Ji. We talked about many things, including music, of course!”

PM Modi responded to Dosanjh’s post, describing their meeting as “a great interaction.” He said, “A great interaction with Diljit Dosanjh! He’s truly multifaceted, blending talent and tradition. We connected over music, culture, and more.”

Diljit recently concluded his Dil-Luminati tour in India with a grand performance in Ludhiana. Throughout his concerts at various venues, the singer aimed to address important social issues during his performances.

In a lighthearted and endearing moment, Prime Minister Narendra Modi was seen enjoying the beats of a Punjabi vocalist, tapping the table in rhythm like a dholak player during a recent cultural event. The video, which has since gone viral, showcases PM Modi replicating the infectious energy of Diljit Dosanjh’s iconic beats, capturing the essence of Punjabi music’s vibrancy and rhythm.

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The event brought together various cultural performers, with one Punjabi vocalist stealing the spotlight. As the singer crooned traditional Punjabi tunes, PM Modi, seated among other dignitaries, began enthusiastically tapping the table in sync with the music. His gestures resembled a seasoned dholak player, displaying his spontaneous connection with the pulsating beats.

The audience present erupted in applause, cheering on the Prime Minister’s engaging participation. Social media users were equally charmed, with many praising Modi’s ability to connect with the cultural diversity of India. “Modi Ji has the rhythm of a true Punjabi!” one user commented, while another said, “This is the energy we love to see in our leader.”

The moment also highlighted PM Modi’s commitment to celebrating India’s rich cultural heritage. His natural enjoyment of the performance reflects his appreciation for the art and music that unify the diverse communities of India.

Such lighthearted and relatable gestures from leaders often resonate deeply with the public, making them feel connected on a personal level.

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#PMModi #DiljitDosanjhBeats #PunjabiMusicVibes #CulturalCelebration #DholakBeats #IndiaUnity #MusicConnects #ViralMoment #PMModiInAction #PunjabiHeritage

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