Hash rates of some of the biggest Bitcoin mining pools in China have dropped by up to 37% after Sichuan ordered energy companies to stop providing power to mining farms in the province.
News about the shutdown order broke yesterday following a meeting between the country’s Science and Technology Bureau, and the Sichuan Ya’an Energy Bureau. Energy companies were given till the start of Sunday June 20 (Beijing time) to cut the power.
Chinese mining pools are an integral cog in the global crypto ecosystem, and many of the miners in these pools draw from Sichuan’s abundant hydroelectric power. Mining pools are cryptocurrency mining collectives that share their computational power to mine cryptocurrency
The shutdown order that was circulated to the energy companies identified 26 mining pools in the Sichuan province.
„Molly”, head of marketing at Chinese blockchain company Hashkey Hub, tweeted that the hash rate “already dropped significantly” after the Sichuanese government a
Źródło: https://decrypt.co/74031/sichuan-shutdown-order-cripples-chinese-bitcoin-mining-pools
