US EditionBitcoin Mining Shutdown in Xinjiang Cuts Global Hashrate
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3 Articles
Bitcoin Hashrate Slumps as Xinjiang Mining Centres Appear to Go Dark
Bitcoin’s network has suffered one of its sharpest single-day shocks this year after a sudden collapse in computing power, fuelling claims that large mining hubs in China’s Xinjiang region have been forced offline in a regulatory policy shift. : Get all the latest crypto news at Sandmark
Bitcoin Hashrate Drops 8% as 400,000 Mining Rigs Go Offline
Bitcoin’s network saw a sudden shock this week. On December 15, total hashrate dropped by roughly 100 exahashes per second. That equals an estimated 8% decline in just one day. On-chain observer @punk8185 says this is not a normal fluctuation. According to @punk8185, the total network hashrate dropped by approximately 100 EH/s yesterday, a decrease of about 8%, with at least 400,000 Bitcoin mining rigs shutting down, mainly due to the closure …
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