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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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Akshay Kumar wishes director Priyadarshan on birthday with Bhooth Bangla BTS pic: ‘Surrounded by ghosts…

Published

3 weeks ago

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January 30, 2025

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Akshay Kumar wishes director Priyadarshan on birthday with Bhooth Bangla BTS pic: ‘Surrounded by ghosts…

Akshay Kumar and Priyadarshan, the acclaimed Indian director, celebrated their 68th birthday on Instagram. Kumar, who has worked with Priyadarshan on several cult comedies of the early 2000s, wished him a happy birthday and called him a mentor. The duo is now back together for their upcoming horror-comedy, Bhooth Bangla.

The first poster of the movie has been released, and it is expected to hit theaters in 2025. Akshay Kumar wore a black fedora and a green jacket, layered over a black tee, and fans have expressed their excitement for their new movie.

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The duo’s dynamic and deep bonding have been praised by fans, who have expressed high anticipation for their new movie. The first poster of Bhooth Bangla has already been released, and the movie is expected to hit theaters in 2025.

Akshay Kumar, the versatile Bollywood actor, recently celebrated director Priyadarshan’s birthday by sharing a behind-the-scenes (BTS) photograph from their upcoming film, “Bhooth Bangla.” In the image, Akshay humorously captioned, “Surrounded by ghosts…” The photo features Akshay alongside Priyadarshan and co-actor Paresh Rawal, all dressed in traditional attire, with a black cat perched on Akshay’s shoulder, adding a whimsical touch to the scene.

Reunion After 14 Years

This collaboration marks a significant reunion between Akshay Kumar and Priyadarshan, who last worked together on the film “Bhool Bhulaiyaa” in 2007. Their partnership has been celebrated in the past for delivering successful comedies like “Hera Pheri” and “Garam Masala.” Fans have eagerly anticipated their return to the big screen together, and “Bhooth Bangla” promises to be a delightful addition to their repertoire.

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About ‘Bhooth Bangla’

“Bhooth Bangla” is a horror-comedy that blends elements of suspense with humor, a genre in which both Akshay Kumar and Priyadarshan have excelled. The film is produced by Balaji Telefilms Ltd in association with Cape of Good Films. The motion poster released earlier this year features Akshay Kumar in a suit, with a cat on his shoulder, licking milk slyly, setting the tone for the film’s intriguing and humorous premise.

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Anticipation and Fan Reactions

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The BTS photo shared by Akshay Kumar has generated excitement among fans, who are eager to see the trio back together on screen. The playful caption and the presence of the black cat suggest that “Bhooth Bangla” will offer a mix of thrills and laughs, staying true to the successful formula of their previous collaborations.

As the release date for “Bhooth Bangla be a significant highlight in the upcoming entertainment lineup. The reunion of Akshay Kumar, Priyadarshan, and Paresh Rawal, combined with the intriguing premise and the playful BTS moments, has set high expectations among audiences. Fans can look forward to a cinematic experience that promises both chills and chuckles.

For a visual glimpse into the making of “Bhooth Bangla,” you can watch the following video Akshay Kumar expressed his gratitude as they once again united for their upcoming movie Bhooth Bangla. This marks a new chapter in their long-standing collaboration since the 2000s. He shared a picture from behind the scenes of their new movie, where it seems like they are laughing about something.

Akshay wrote,”Happy Birthday, Priyan Sir! What better way to celebrate than by spending the day on a haunted set, surrounded by ghosts…both real and unpaid extras? Thank you for being a mentor, and the only person who can make chaos look like a masterpiece. May your day be filled with fewer retakes. Wishing you a fantastic year ahead!”

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