In a recent social media post, former Canaan chairman Jack Kong said that China’s computing power fell by roughly 100 exahashes per second (EH/s) within 24 hours. He noted that the decline, estimated ...

BTC miners in the Xinjiang autonomous region of China have shut down a significant part of their hashing power. The miners ...

Former Canaan co-chair Jianping Kong asserted that Bitcoin’s 10% hashrate fall in one day was caused by about 400,000 mining rigs shutting down in China’s Xinjiang region. Bitcoin’s hashrate fell by ...

Nano Labs CEO Jack Kong attributed the recent drop in Bitcoin’s network hash rate to the gradual shutdown of mining farms in Xinjiang, China. ・Data from HashrateIndex shows Bitcoin’s network hash rate ...

Bitcoin’s BTC $87,767.94 30-day simple moving average (SMA) hashrate has recorded its steepest decline since the April 2024 halving, according to Matthew Sigel, head of digital assets research at ...

Bitcoin sank to a two-week low Monday on reports that China has intensified its crackdown on cryptocurrency mining. The world’s largest digital currency fell as low as $31,760 Monday morning, dropping ...

(Reuters) -Bitcoin mining is quietly staging a comeback in China despite being banned four years ago, as individual and corporate miners exploit cheap electricity and a data center boom in some energy ...

Twitter co-founder and Block, Inc. (NYSE: XYZ) boss Jack Dorsey thinks his team has outdone China in Bitcoin mining chips. Bitcoin mining is the process of using high-end computers to solve ...

This video explores the revenue generated by a Bitcoin mining farm facility. With over 2,000 miners, it reveals how much a large-scale operation can actually make. Passenger who died on cruise ship ...