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Hashrates of Chinese Bitcoin Mining Pools plummeted Due To Regulatory Crackdowns, No Block Was Mined Within An Hour
Summary: Data from btc.com shows that the current average computing power of the entire Bitcoin network is 126.83 EH/s, which is nearly 36% lower than the historical high of 197.61 EH/s (May 13). The hashrates of Bitcoin mining pools with Chinese backgrounds such as Huobi Pool, Binance, AntPool, and Poolin have dropped sharply. The decline of ...
Data from btc.com shows that the current average computing power of the entire Bitcoin network is 126.83 EH/s, which is nearly 36% lower than the historical high of 197.61 EH/s (May 13).
The hashrates of Bitcoin mining pools with Chinese backgrounds such as Huobi Pool, Binance, AntPool, and Poolin have dropped sharply. The decline of hashrate in the past 24 hours is 36.64%, 25.58%, 22.17%, and 8.05%, respectively.
In addition, from 23:40 on June 19th to 00:48 on June 20th, Beijing time, no Bitcoin block was mined within an hour.
"Molly," the marketing director of the Chinese blockchain company Hashkey Hub, said on Twitter that the hash rate "has dropped drastically" after the Sichuan government announced that it would cut off electricity to the Bitcoin miners.
It is reported that at 0:00 on June 20, Beijing time, all Bitcoin and other virtual currency mining machines in Sichuan were collectively powered off. Bitcoin miners who were too late to transfer may suffer huge losses as a result.
By Mary Liu
Tags: Bitcoin,Bitcoin Mining,Hashrates,Regulation
Link: Hashrates of Chinese Bitcoin Mining Pools plummeted Due To Regulatory Crackdowns, No Block Was Mined Within An Hour [Copy]
