The hashrate of the leading Bitcoin mining pools has plummeted amid problems with electricity supplies following explosions and floods in coal mines in several provinces in China. Reported by journalist Colin Wu.
The hashrate of Bitcoin mining pools plummeted in 24 hours. Antpools fell by 24.5%, https://t.co/1YRYr58dLy fell by 18.9%, Poolin fell by 33%, Binance pools fell by 20%. The reason is that Northwest China is undergoing a complete blackout for safety inspections. pic.twitter.com/vaWgYsMEFH
– Wu Blockchain (@WuBlockchain) April 16, 2021
According to Xinhua News Agency, the first incident occurred at the end of March: methane exploded in a coal mine in Shanxi province. On April 9, a gas release occurred during coal mining in Guizhou, on April 10, a mine flooded in the Xinjiang Autonomous Region.
Primitive Ventures Managing Partner Dovi Wan reported a nearly 30% drop in hashrate as a result of power outages due to security due diligence.
Xinjiang is facing a major power outage due to a coal mine explosion
Bitcoin hashrate drops almost 30% instantly lol
– Dovey “Rug The Fiat” Wan🪐🦖 (@DoveyWan) April 16, 2021
According to BTC.com, over the past 24 hours, Antpool’s hash rate fell by 22.53%, F2Pool – by 10.51%, BTC.com – by 20.80%, Poolin – by 35.12%. For Binance Pool and OKEx Pool, this figure was 21.94% and 25.95%.
On April 15, a recalculation of the difficulty of bitcoin mining took place – the indicator increased by 1.92% – to 23.58 T.
In August 2020, heavy downpours in the Chinese province of Sichuan led to a decrease in the hash rate of the leading mining pools. Companies had to shut down equipment and evacuate employees.
Recall that in April 2021, the total amount of computing power in the network of the first cryptocurrency reached a record high of 179.4 EH / s.
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