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Report: Document Shows Specific Bitcoin Miners in Xinjiang Instructed to Shut Down

Bitcoin.com
Report: Document Shows Specific Bitcoin Miners in Xinjiang Instructed to Shut Down
Bitcoin (BTC)
Report: Document Shows Specific Bitcoin Miners in Xinjiang Instructed to Shut DownAn official notice stemming from the Changji prefecture government in Xinjiang details that officials from the Zhundong Economic-Technological Development Park must instruct bitcoin miners to shut down. China’s province of Xinjiang is a highly concentrated region of bitcoin miners and bitcoin activities at the park must cease by June 9, according to the document. Nevertheless, […]
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Bank of England cuts interest rate to 4.75% as UK inflation falls below target

Bank of England cuts interest rate to 4.75% as UK inflation falls below target

China’s Carbon Neutral Stance Puts Pressure on BTC Miners, Sichuan Electricity to Increase 150%

Bitcoin.com
China’s Carbon Neutral Stance Puts Pressure on BTC Miners, Sichuan Electricity to Increase 150%
Bitcoin Miners
China’s Carbon Neutral Stance Puts Pressure on BTC Miners, Sichuan Electricity to Increase 150%Bitcoin’s global hashrate dropped ten days ago following a coal mine accident that caused significant grid blackouts in Xinjiang, China. While initial estimates had shown more than 40% of the hashrate dropped, statistics from a five-day average show the hashpower only lost around 25%. Meanwhile, Chinese miners located in Sichuan may put more pressure on […]
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Bank of England cuts interest rate to 4.75% as UK inflation falls below target

Bank of England cuts interest rate to 4.75% as UK inflation falls below target

Bitcoin Hashrate Drops Over 45%, Xinjiang Grid Blackouts Blamed, BTC Price Slides 10%

Bitcoin.com
Bitcoin Hashrate Drops Over 45%, Xinjiang Grid Blackouts Blamed, BTC Price Slides 10%
Bitcoin (BTC)
Bitcoin Hashrate Drops Over 45%, Xinjiang Grid Blackouts Blamed, BTC Price Slides 10%Since April 15, the Bitcoin network hashrate has dropped more than 49% after touching an all-time high at 218 exahash per second. Regional reports noted that in China the Xinjiang grid is having blackouts and “safety inspections.” Reports Claim Blackouts in Xinjiang, China Have Pushed Bitcoin’s Hashrate Down 49% At the time of writing, the […]
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Bank of England cuts interest rate to 4.75% as UK inflation falls below target

Bank of England cuts interest rate to 4.75% as UK inflation falls below target

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