Kazakhstan loses its leadership in Bitcoin mining
According to the data, Kazakhstan accounts for about 18% of the world's BTC hash rate. But due to the political unrest, 10 times increase of the electricity cost and other reasons, it will lead to the decrease of the hash rate.
Several major mining companies, such as BIT Mining, have already canceled their expansion plans in Kazakhstan. According to a filing with the SEC on Feb. 17. Also, 13 illegal mining farms ceased operations.
Thus, Kazakhstan and Russia will probably lose a significant portion of their hashrate. And the United States, Canada and Germany will be able to increase their numbers. At the moment Bitcoin hashrate is at its maximum values.
