Hashrate Bitcoin giảm xuống mức thấp nhất năm 2021

Bitcoin Hashrate Drops to 2021 Low

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Bitcoin Hashrate Drops to 2021 Low

China’s crypto mining crackdown is having a major impact on Bitcoin’s global hashrate.

According to Blockchain.com, a series of negative news in China recently have negatively affected the hashrate (hash rate) and the price of Bitcoin.

At the time of writing, Bitcoin’s hashrate dropped to 127.66 million TH/s, the lowest level in 2021. While BTC price also shows no positive signal when trading below $ 35,000.

It has been a month since the May 19 correction, falling from $43,750 to $30,000, Bitcoin bulls are still unable to regain their momentum. Compared to the peak of $ 64,000 set on April 14, the price of BTC is currently down nearly 50%.

Bitcoin hashrate

*Hashrate is a measure of the computing power of the equipment used to mine Bitcoin. Hashrate indicates how often miners participate in the Bitcoin network with mining power. An increase in hashrate means that miners still join the Bitcoin network regularly and vice versa*

Chinese Bitcoin Miners Migrate Massively

China’s Sichuan province, one of the most concentrated areas of Bitcoin mining in the world, recently announced that it will stop supplying electricity to cryptocurrency miners.

Realizing the serious problem in China, many Bitcoin miners migrate to new areas with more “breathable” regulations.

North American states or the US state of Texas are being considered as the ideal destinations for Chinese miners.

After leaving China, Jiang Zhuoer, the operator of cryptocurrency mining company Lebit Mining recently announced a move to countries in Europe and America.

Recently in an interview with CNBC, Miami Mayor Francis Suarez said that the city is offering attractive incentives for crypto miners to locate their headquarters.

We have clean and cheap energy for crypto miners. Miami is ready to provide physical infrastructure for miners

Other states like Wyoming are also implementing various legal aid programs for crypto miners who want to operate here.

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See more:

  • American Commission Accepts Cryptocurrency Donations
  • The SEC continues to delay the creation of a Bitcoin ETF
  • World Bank does not help El Salvador ‘develop’ Bitcoin

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