Bitcoin’s Hashrate Plummets 8%-Xinjiang Shutdowns Cause Chaos!

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Ah, the cryptocurrency world, where even the most robust networks can crumble under the weight of a single region’s… well, let’s call it a “strategic reorganization.” 🚨 The Bitcoin network’s total hashrate dropped by about 100 EH/s yesterday, an 8% decline, as roughly 400,000 mining rigs went offline following the closure of mining farms in Xinjiang, China. This sudden reduction shows how regional mining power shifts can quickly affect the global network’s computing strength-like a toddler’s attention span, but with more math. While China has been quietly regaining mining share despite past bans, the exact reasons for this latest shutdown aren’t yet clear. Analysts say such events can impact mining difficulty and block speeds. 🤔 (Spoiler: They’re probably just tired of being the world’s crypto janitor.)

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2025-12-15 11:21