Hiina krüptokaevurid registreerivad Bitcoini (BTC) Hashrate'i tõsise kokkupõrke keskel

Amid severe crackdown from the Chinese regulators, local Bitcoin (BTC) miners have started pulling the plugs and discontinuing their operations. Because of these restriction policies, the BTC hashrate at some of the biggest Chinese crypto miners has started to decline.

AntPool and Poolin have registered the biggest drop of around 25% in the BTC hashrate as per data shared by popular Chinese journalist Colin Wu.

Because China’s restrictions policy, Bitcoin hashrate starts to decline, ranked first antpool fell 25%. pic.twitter.com/9Dfqxr8OZe

- Wu Blockchain (@WuBlockchain) Juuni 9, 2021

After shutting down operations at some of the biggest crypto mining destinations like Inner Mongolia and Sichuan, the Chinese authorities jõudis Xinjiang province earlier today. Thus, the drop in Bitcoin (BTC) hashrate is pretty much obvious.

The Bitcoin mining industry in China has unfortunately taken a turn for the bad subject to the regulatory crackdown. China’s Development and Reform Commission issued a statement saying:

Osariikide juhid on välja andnud juhised virtuaalse valuuta "kaevandamise" käitumise igakülgseks puhastamiseks ja selle vastu võitlemiseks. Energiasäästu ülevaatusagentuur tellib projektid ehituse või tootmise peatamiseks. Vastutava isiku kohustused. Paluge ettevõttel viivitamatult enne 14. juuni 00 kell 9:2021 tootmine parandamiseks peatada ning teavitage tootmise peatamisest ja parandamisest Changji prefektuuri arendust.

Chinese Search Engines Block Crypto Exchange Queries

The crypto ban in China is extending across multiple platforms and not just limited to mining. China’s tech search giants like Baidu and Sogou have blocked queries for three major exchanges including Binance, OKEx, and Huobi.

This has further extended to other popular platforms like Weibo (China’s Twitter) and Zhihu (China’s Quora). It looks like the Chinese regulators are blocking any kind of crypto-related business or communication to instill a full-fledged ban across the country.

Chian’s recent crackdown has put major pressure on Bitcoin and the overall crypto market. On Tuesday, the BTC price came crashing down all the way to $32,000. Reportedly, Chinese miners have also started offloading their BTC as the Bitcoin supply in Chinese miner wallets continues drying up.

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