Mustafa Yilham, VP of global business development at Asian mining and wallet company Bixin, took to Twitter today to explain why Bitcoin’s hash rate—the total computing power of the blockchain—dropped by around 25% last week.
Yilham, who operates one of the largest Bitcoin mining farms in the world, shared his thoughts on the situation and what it might entail for Bitcoin as a whole.
The day Bitcoin fell
Yilham said an energy emergency in the Chinese province of Xinjiang, where roughly 80% of the country’s Bitcoin mining facilities are located, caused a blackout to the broader mining ecosystem.
“On April 10th, 2021 there was a water leakage at a coal mining facility in Xinjiang. Both Central & local government acted very quickly, and tried their best to minimize the loss and ensure the safety of the workers,” Yilham explained.
Our internal calculation method was same as @lawmaster, It’s impossible to get exact number. Not all pools’ hashrate under management is pub
Źródło: https://cryptoslate.com/bitcoin-hash-rate-miner-drop/
