Xinjiang – DIGIT INFO

Geographic Distribution Data Shows US Takes Leading Bitcoin Mining Position After China’s Crackdown

DIGIT — Wed, 13 Oct 2021 17:30:28 +0000

After China has reigned for a number of consecutive years as the dominant bitcoin mining epicenter of the world, the United States has “taken the leading position in bitcoin mining,” according to new data from Cambridge University. Data Shows US, Kazakhstan, Russian Federation Rule the Bitcoin Mining Roost In mid-July, researchers from the Cambridge Bitcoin […]

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While Chinese Bitcoin Miners Escaped Crackdowns, Sichuan’s Hydropower Plants Were Not So Lucky

DIGIT — Mon, 02 Aug 2021 16:30:24 +0000

Regional reports from China indicate that government officials have been reviewing over 5,100 small-sized hydropower plants in order to get them to adapt to China’s cleanup and rectification process concerning future energy sources. China has pledged to be carbon neutral and ultimately have zero carbon emissions by 2060 and the recent crackdowns on bitcoin miners […]

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University of Cambridge Bitcoin Mining Map Shows China’s Hashrate Dropped to 46%

DIGIT — Thu, 15 Jul 2021 20:00:48 +0000

After the researchers from the Cambridge Bitcoin Electricity Consumption Index (CBECI) project said that the website’s “Bitcoin Mining Map” had not been updated since April 2020, the map has finally been updated. Current data from the mining map shows the coverage goes all the way up until April 2021, and the estimate of China’s hashrate […]

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Bitcoin’s Hashrate Drops Below 100 Exahash, Observers Describe China’s ‘Great ASIC Exodus’

DIGIT — Wed, 23 Jun 2021 16:30:41 +0000

Most of the crypto community has been focused on the developments in China and more specifically, the crackdowns against bitcoin miners in Inner Mongolia, Xinjiang, Qinghai, Yunnan, and Sichuan. On Wednesday morning (EST), Bitcoin’s overall hashrate has continued to drop and is now below the 100 exahash per second (EH/s) region. During the last 24 […]

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Sichuan Mining Farms Begin to Shut Down — Seven-Day Stats Show Bitcoin’s Hashrate Plummeting

DIGIT — Sun, 20 Jun 2021 19:00:12 +0000

The hashrate of the Bitcoin network has been steadily falling since June 14 and after Sichuan miners were told to prepare operation shutdowns. Sichuan is the second-densest province in China where most miners are located, according to data stemming from the University of Cambridge. Bitcoin’s hashrate is now hovering just above 100 exahash per second […]

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Reports of Mining Sector Cleanup Put China’s Yunnan Province in the Spotlight

DIGIT — Mon, 14 Jun 2021 04:00:13 +0000

Authorities in Yunnan are launching an investigation to identify and shut down miners that are illegally using electrical power to mint bitcoin, Chinese media reports. Inspections will also focus on potential safety hazards and will be carried out by various government departments. The mining industry cleanup is expected to continue till the end of June. […]

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Shanghai Man: Bitcoin interest drops in China amid crackdown on social media and miners

DIGIT — Fri, 11 Jun 2021 03:07:43 +0000

Xinjiang crypto miners forced to shut down, Antpool hash rates drop by 30%, and Baidu and Weibo try to scrub crypto players from their platforms.

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China’s Qinghai Province Instructs Bitcoin Mining Operations to Shut Down

DIGIT — Thu, 10 Jun 2021 05:30:20 +0000

Following the report that indicates specific Chinese miners in the Xinjiang region were told by officials to shut down, another agency in Qinghai has informed miners to cease operations in a recently published government mandate. Similarly, the Qinghai Industry and Information Technology Department’s document explains bitcoin mining operations cannot operate in the area. Qinghai Province […]

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

DIGIT — Wed, 09 Jun 2021 16:30:31 +0000

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

DIGIT — Sat, 24 Apr 2021 18:30:27 +0000

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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