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Kazakhstan internet shutdown sheds light on a big Bitcoin mining mystery
- deleted 5y ago[deleted]
- deleted 5y ago[deleted]
- simmerup 5y agoSo bitcoin isn’t ran on sunshine and rivers and volcanoes like so many would like you to believe. It’s ran on dirty coal and causes blackouts. What a waste of energy
- black-tusk 5y agoArchived link: https://archive.fo/75VqL https://archive.fo/75VqL
- footlose_3815 5y ago[dead]
- spiorf 5y agoA change of 12% over 24 hours is well within the fluctuation caused by the probabilistic nature of mining. Looking at the charts I can't see any clear drop: https://www.coinwarz.com/mining/bitcoin/hashrate-chart https://www.coinwarz.com/mining/bitcoin/hashrate-chart Extrapolating that bitcoin mining escaping from china is the cause of the protests seems a little too far-fetched.
- BoiledCabbage 5y agoIt's funny you say that, because after adjusting for timezones, the two prior largest drops on that chart you shared are: Dec 25th - Christmas (obs .worldwide) Dec 16th - Kazakhstan Independence Day Maybe not a robust analysis, but sure seems like events in Kazakhstan can have an impact on global hash rates.
- spiorf 5y agoZoom out. Drops of that magnitude are frequent. And why christmas should make it drop, while on the 1 jan was at all-time-high? Should holidays make it drop or grow? The drop in may-july 2021 is significant.