now on bbc news, bitcoin has become big business and a major talking point around the globe. our world investigates kazakhstan s cryptocurrency boom. bitcoin is a growing part of modern day life. i bitcoin is a growing part of modern day life. bitcoin is a growing part of modern day life. i start now by talkin: modern day life. i start now by talking about modern day life. i start now by talking about bitcoin. - modern day life. i start now by talking about bitcoin. it - modern day life. i start now by talking about bitcoin. it is - modern day life. i start now by talking about bitcoin. it is a i talking about bitcoin. it is a virtual currency talking about bitcoin. it is a virtual currency that - talking about bitcoin. it is a virtual currency that only i virtual currency that only exists virtual currency that only exists on the internet. the value of exists on the internet. the value of bitcoin exists on the internet. the value of bitcoin has - exists on the internet. the v
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crypto mine is yersain, it is owned by enegix, kazakhstan s biggest crypto mining company. how many machines? what is happening inside these powerful computers is the backbone of cryptocurrency is like bitcoin. the decentralised digital money can be spent on an increasing amount of things online and off line. there is no middleman or banks involved, the money is sent directly to the money is sent directly to the wallet of the personal shop. in orderfor a payment be
successful, a huge network of volunteers around the world are required to use computers to check and verify automatically. the process involves extremely complex mathematical problems. volunteers are randomly rewarded with new bitcoin s.
protests erupted across kazakhstan after a sudden increase in fuel prices. there was no direct link to crypto mining, but the impact of the unrest was huge for minors. the government shutdown the internet nationwide, which took the entire industry off line for five days. miners. it slowed the global network by 18% and caused a dip in the price of bitcoin. kazakhstan s cheap electricity comes at an environmental cost, too. just 20 minutes drive from energix, to other crypto mines apply directly into this coal fired power station. this is an interesting sort of penny drop moment for me. i myself have bought bitcoin. i have a