2025-12-15 11:21:20

Bitcoin's network hashrate took a notable hit yesterday—dropping roughly 100 EH/s, which represents about an 8% decline in total computing power. Industry observers estimate that at least 400,000 mining rigs went offline during this period. The primary driver behind this correction was the shutdown of several major mining operations in one of China's key mining regions. While the exact circumstances remain incomplete, the scale of the hashrate decrease underscores how geographically concentrated Bitcoin mining infrastructure still is, and how quickly shifts in regional mining capacity can ripple across the entire network.

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EyeOfTheTokenStorm

· 2025-12-17 20:58

100EH/s direct evaporation, this is the real systemic risk. Such high concentration will inevitably lead to problems. --- It's another Chinese mining farm, always the same, never learning to diversify risk. --- 400,000 mining machines shut down just like that. How much capital is behind this number? It's crazy. --- From historical data, such sudden hash rate drops often indicate a turning point in the mining cycle. Close observation of difficulty adjustments is needed afterward. --- Oh my, 8% of the hash rate disappeared overnight. Will the difficulty adjustment lag behind? Is this a buying opportunity or a sign of a crash? --- In simple terms, it's the aftereffect of overly concentrated infrastructure. The original decentralization of Bitcoin has long been destroyed by mining pool capitalism. --- A move unseen in 50 years, a mining area can influence the entire network operation. Such an impact would have been unimaginable in the past.

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