Bitcoinist
2021-05-22 02:02:30

How Another Chinese Power Outage May Have Led to Bitcoin’s Flash Crash This Week

Earlier in April, an accident at a Chinese coal mine in Xinjiang sent Bitcoin network’s hash rate plummeting 30% in a span of a day, which crippled the major cryptocurrency’s rally. Now, Bitcoin’s hash rate is suffering a similar loss as miners based in Sichuan, China face limitations on power usage. The State Grid in […]

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