Bitcoin Crashes after Accident in Xinjiang, China Halts Mining Operation
Key Takeaways A gas explosion and flooding at a Chinese coal mine has halted Bitcoin mining operation in Xinjiang, China. The networks total hashrate dropped by 64 Eh/s as central authorities conducts safety inspections. Bitcoins price also felt the pressure from the decline in mining power, dropping 4.3% from todays opening price. Share this article Bitcoin’s hashrate dropped 25% from all-time highs after an accident in the Xinjiang region’s mining industry caused flooding and a gas expl...
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Source: cryptobriefing.com