Home
News
Details

Bitcoin Hashrate Drops 8% Amid Xinjiang Mining Shutdown

iconBitcoinWorld
Share
Share IconShare IconShare IconShare IconShare IconShare IconCopy
This is the logo of the coin.
BTC
$89,827.601.27%
Bitcoin hashrate dropped 8% in 24 hours, hitting 100 EH/s lower, as mining operations in Xinjiang were shut down. A Nano Labs official said 400,000 rigs went offline, raising concerns over blockchain security. The decline may trigger a difficulty adjustment in two weeks, easing block validation for active miners. The event mirrors the 2021 China mining ban, but the network has shown recovery before. What is notable is the speed of the drop, signaling potential shifts in mining geography.
Source:Show original
Disclaimer: The information on this page may have been obtained from third parties and does not necessarily reflect the views or opinions of KuCoin. This content is provided for general informational purposes only, without any representation or warranty of any kind, nor shall it be construed as financial or investment advice. KuCoin shall not be liable for any errors or omissions, or for any outcomes resulting from the use of this information. Investments in digital assets can be risky. Please carefully evaluate the risks of a product and your risk tolerance based on your own financial circumstances. For more information, please refer to our Terms of Use and Risk Disclosure.