Bitcoin hash rate of major mining pool plummets, two regions in China announce business ban

Chinese minor hash rate plummeted
It was found that the hash rate of the major mining pools fluctuated rapidly at a 24-hour volatility. Major pools such as AntPool, F2Pool, Polin and have seen declines of more than 10% to 20%. In the background, it seems that the Xinjiang and Qinghai governments have started to implement the policy of completely abolishing virtual currency mining of the State Council at the end of May. New progress was confirmed on the 9th. On the 9th, the Xinjiang government announced an order to suspend the operations of all cryptocurrency mining farms in the “Zhundong National Economic and Technological Development Zone”.


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