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Bitcoin miners face fresh Chinese crackdowns as Xinjiang shutdown cuts hashrate 8% – TON BOT

Bitcoin miners face fresh Chinese crackdowns as Xinjiang shutdown cuts hashrate 8%

China’s crackdown on Bitcoin mining in Xinjiang has led to the shutdown of 400,000 ASICs, reducing Bitcoin’s hashrate by 8-10%. Asian miners and holders have been selling off coins, leading to record-low hashprice. U.S. exchanges continue to buy, while Asian exchanges are selling, leaving Bitcoin near its late-November range.


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