Some of the world’s biggest bitcoin mining pools that cater to Chinese miner clients have seen a sharp hash rate drop over the past 24 hours.
Data from BTC.com shows that major China-based bitcoin mining pools, in particular AntPool, F2Pool, Poolin, BTC.com, have seen hash rate drops between 11% to 30% in the last 24 hours. Bitcoin mining pools run by Huobi and Binance have also seen a 24-hour decline of over 10%.
The hashing power of the two main non-Chinese mining pools, namely Slushpool and Foundry USA, have remained steady over the past day.
Such a notable hash rate drop of Chinese bitcoin mining pools comes as China continues to crack down on bitcoin mining. Today, the Changji prefecture in China’s Xinjiang province ordered bitcoin mining farms in the Zhundong Economic Technological Development Park to shut down their operations by 2:00 pm China time on June 9
