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The riots in Kazakhstan due to rising energy prices. The reason? In the last few years Kazakhstan has become home to 18% of all the Bitcoin mining/transactions in the world. This energy intensive process has sent fuel prices skyrocketing.
Almost a fifth of Bitcoin's hashrate (essentially mining and verifying transactions) is/was in Kazakhstan, where there are now power and internet outages, fuel shortages, and street protests.
| by Anonymous | reply 4 | January 8, 2022 11:18 AM |
That shouldn’t happen in Kazakhstan, which has the 12th largest oil reserve in the world, & exports over a million barrels of oil & 1% of the worlds total natural gas reserve.
The massive surge in domestic supply that has sent prices skyrocketing is directly linked to Bitcoin.
The fuel protests were just the spark for long standing grievances of the Kazakhstan people, but already dozens of people are dead. In riots which were essentially caused by Bitcoin’s gargantuan & unregulated power consumption.
| by Anonymous | reply 1 | January 8, 2022 10:09 AM |
Calls for sabotage of Bitcoin mining operations worldwide. The eco activism of the future?
| by Anonymous | reply 2 | January 8, 2022 10:12 AM |
Like Facebook, Bitcoin is a scourge on society.
We would be better off if neither existed.
| by Anonymous | reply 3 | January 8, 2022 11:00 AM |
How does crypto currency disrupt the fuel supply?
| by Anonymous | reply 4 | January 8, 2022 11:18 AM |
Yes indeed, we too use "cookies." Take a look at our privacy/terms or if you just want to see the damn site without all this bureaucratic nonsense, click ACCEPT. Otherwise, you'll just have to find some other site for your pointless bitchery needs.
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