The protests in the country in 2021, which prompted the government to shut the Kazakhstan Internet infrastructure down, thus halting bitcoin mining operations, led to another slump. From a high of US$68,790 to one bitcoin in November 2021, the exchange rate fell 42% in December 2021. Many were expected to sell their coins but not just because of is
Processing power is needed to provide the necessary proof of work. This is the work that miners (another type of bitcoin node) need to perform to verify and add blocks of transactions to the blockchain by running software with unique hardware. They use mining software to “listen” for transactions broadcasted across the network and compete to ge
The protests in the country in 2021, which prompted the government to shut the Kazakhstan Internet infrastructure down, thus halting bitcoin mining operations, led to another slump. From a high of US$68,790 to one bitcoin in November 2021, the exchange rate fell 42% in December 2021. Many were expected to sell their coins but not just because of is