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Chinese crypto miners do not want to "flee" from unrest in Kazakhstan

 


Despite the internet blackout, the mining companies do not want to leave Kazakhstan too quickly.


Although massive political unrest is currently raging in the country of the "mining world power" Kazakhstan and as a result the country's Internet has been almost completely shut down, the local mining companies have not yet planned to emigrate.


Including the BIT Mining, like many large mining companies recently returned from China to Kazakhstan moved is. However, the miner wants to keep an eye on the protests in order to be able to pull the ripcord if necessary, as the Chinese crypto news agency 8BTC reports .


"It is currently very unlikely that we will move all of our mining hardware to North America," as a spokesman for BIT Mining explains in this context.


A risk that the company can take, because Kazakhstan is not the main location for BIT mining. The company has already placed several high-performance machines in North America. Nonetheless, the spokesman stated that "it is unlikely that our machines operated in Kazakhstan will also be relocated to North America". Any change to the plan would be communicated at short notice.


According to media reports, the miners based in Kazakhstan were largely able to continue their operations despite the internet shutdown.


“Some Kazakh miners have confirmed that the internet was available again on January 7th, at least temporarily. In addition, companies can at least access 4G via the Chinese cellular network. The mining companies in the region hope that normal conditions will be back on Monday, ”as blockchain journalist Colin Wu reports .


Meanwhile, other sources say that mining companies in rural Kazakhstan were hardly affected by the shutdown, as it was mostly confined to urban areas such as the city of Almaty.


As the data from NetBlocks show, the Internet was mostly paralyzed in Kazakhstan, so the country's network activity was recently only at a measly 5%.


The internet blackout does not seem to have had any noticeable impact on the global hashrate of Bitcoin ( BTC ) so far , although the Eurasian “mining world power” accounts for a considerable part of it. According to data from Blockchain.com, the hashrate of the market-leading cryptocurrency has not yet decreased in the new year.


BIT Mining and other large mining companies based in Kazakhstan.

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