Posted by & filed under Bitcoin, crypto-currency.

Despite their volatility, cryptocurrencies like Bitcoin have exploded in popularity in the past year with interest and investments skyrocketing.
But no place on Earth has seen results quite like Kazakhstan, which in the space of just six months has become a world leader in Bitcoin mining.
The central Asian country is so important to the digital currency that the global Bitcoin network was badly impacted when violent protests hit the country earlier this month.
Although the government initially welcomed crypto-miners, it is now trying to reign in the industry. BBC cyber reporter Joe Tidy visited one of the largest mines in the world.

Source: BBC Technology News

Date: March 18th, 2022

Link: https://www.bbc.com/news/av/technology-60172436

Discussion

  1. Crypto mining uses a lot of electricity. Why?
  2. Some US and Canadian states/provinces and towns/cities are either banning crypto mining, or providing tax incentives for crypto miners to come. Why are some trying to stop it and others trying to encourage it?

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