Снижение хешрейта биткоина на 8% вызвано закрытием майнинг-ферм в Синьцзяне Translation: Headline: Bitcoin Hashrate Declines by 8% Due to Closure of Mining Farms in Xinjiang

On December 14-15, the hash rate of the first cryptocurrency network decreased by 8%, which is approximately 100 EH/s. Jack Kong, the founder of Nano Labs, reported this information.

Experts from BlockBeats noted that the metric dropped by 17.25% over the week. As of December 15, it was recorded at 988.49 EH/s, according to F2Pool.

Kong believes that the decline in hash rate is due to the shutdown of mining farms in Xinjiang, China. Journalist Kuai Dong echoed a similar perspective.

Dong referenced unnamed sources from the mining community. According to them, Chinese authorities confiscated or disabled between 200,000 and 400,000 Bitcoin mining devices.

Several experts highlighted government raids as the root cause, citing a Reuters article published in late November. The agency reported that China’s mining sector was experiencing a «quiet revival,» with the country’s share of the global hash rate increasing to 14%.

Journalists spoke with individual miners in China, and one source from Xinjiang mentioned that he returned to cryptocurrency mining at the end of 2024.

«There is a lot of energy that cannot be transmitted outside of Xinjiang, so it is consumed through cryptocurrency mining. New facilities are being built — people are mining where electricity is cheap,» he noted.

According to TheMinerMagazine, Xinjiang was informally considered the capital of Bitcoin mining before the official ban on digital assets in China in 2021.

Users reported police raids on farms in the region as early as June. However, there has been no official confirmation from law enforcement.

It is worth noting that just a few days after the Reuters publication, the People’s Bank of China confirmed the illegal status of cryptocurrencies in the country.