Hashrate of Chinese mining pools dropped noticeably due to power outages

The computing power of most Chinese mining pools has sagged due to massive power outages in the northwest of the country.

Over the past day, Antpool's hashrate has fallen by 24.5%, Binance Pool has lost 20%, BTC.com -18.9%, and Poolin has lost 33%.Since Xinjiang is home to almost a quarter of the world's mining computing power, the outages have noticeably affected the hashrateof all cryptocurrencies.

Ycharts estimates that due to power supply issues in China, the average daily hash rate of the Bitcoin network has dropped from 169.4 million TX/s to 165.8 million TX/s, or about 2.2% in China. relative expression.

According to Xinjiang media outages are related toa comprehensive check of the safety of power grids in the region. Mass inspections began following a recent accident at a coal mine during a technical retooling. Due to an error, power supply and communications were lost underground, which led to the flooding of part of the mine workings and the imprisonment of 21 miners in a trap.

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