This Wednesday, Kazakhstan was ranked second in terms of ().BTCDue to an unprecedented rise in fuel costs, the country’s () mining hashrate experienced political turmoil like never before. As a consequence, the country’s presidency cabinet was forced to resign. But not before Kazakhtelecom closed down its internet service, leading to increased network activity. Slope to just 2% of your daily elevations.

It was an extremely serious blow to Bitcoin mining activities in the country. As per data CompilationAccording to YCharts.com’s analysis, Bitcoin network’s total hash rate dropped 13.4% from around 205,000 petahash per seconds (PH/s), down to 177.330 PH/s. This country is responsible for 18% the Bitcoin network’s hash activity.