Bitcoin Mining Hit Hard: 10% Hashrate Loss Linked To China Shutdowns

10% Hashrate Loss Linked To China Shutdowns – #CryptoUpdatesGNIT

Trusted Editorial content, reviewed by leading industry experts and seasoned editors. Ad Disclosure According to a post by former Canaan (a Chinese tech company) executive Jianping Kong, Bitcoin’s estimated hashrate fell roughly 10% in a single day, sliding from about 1,053 TH/s to just under 943 TH/s. Kong said the decline equated to roughly 100 TH/s to 110 TH/s lost since Sunday and blamed the change on mining farms in China’s Xinjiang region …

Bitcoin Mining Hit Hard: 10% Hashrate Loss Linked To China Shutdowns

According to a post by former Canaan (a Chinese tech company) executive Jianping Kong, Bitcoin’s estimated hashrate fell roughly 10% in a single day, sliding from about 1,053 TH/s to just under 943 TH/s. Related Reading: Binance And HTX Get Regulatory Nod To Operate In Pakistan – Details Kong said the decline equated to roughly […]

Bitcoin Hashrate Plunges 10% In 2025: What's Behind The Fall?

Bitcoin’s hashrate dropped 10% as China’s mining farms went offline. The drop was caused by 400,000 mining rigs shutting down. China’s mining ban has led to a 14% increase in mining capacity. Bitcoin’s hashrate dropped dramatically by 10% in just 24 hours, making the entire crypto community very perplexed. It was quickly determined that the drop was caused by mining farms going offline in China’s Xinjiang area. According to Jianping Kong, former…