This morning the crypto world exploded! BTC is still holding at 85000, and a hidden mining base that had been kept secret for years in Dongda was taken down all at once!

Just when BTC was swaying around the 85000 mark and everyone was sweating, a harsh move came from Xinjiang, where mining farms that had been secretly mining with cheap coal and electricity were shut down overnight! Within just two days, global Bitcoin mining hash rate plummeted nearly 30%, the biggest drop since the BTC halving in 2024.

In the past, Xinjiang was a well-known safe haven for miners in the crypto world, but after a ban on mining was issued in 2021, miners turned to underground operations. This time, there was no warning from regulators, and they took direct action: hundreds of high-performance mining machines lost power on the spot, over 400,000 devices were halted, and insiders say this is a total wipeout. In plain terms, a miner flaunted the huge profits from mining on social media last month, which drew the attention of regulators. With a directive from the central government, several provinces acted simultaneously, and the Xinjiang mining farms were directly taken down.

Not only Xinjiang, but also the photovoltaic miners in Qinghai have fallen: they rented abandoned solar power stations and used decommissioned solar panels along with energy storage cabinets to mine, with the cost of one kilowatt-hour only 5 cents. Even including storage, it was just 30 cents, significantly cheaper than in Europe and the US. They originally thought they could break even and get rich in half a year, but now their mining machines have been confiscated, and the power stations have been closed, shattering their dreams.

This has disrupted the global mining landscape: previously, Dongda accounted for over 50% of global hash rate, and now that portion is gone, while mining pools in the US and Kazakhstan are set to profit immensely. However, BTC also has its own survival mechanism; its built-in difficulty adjustment mechanism will soon take effect. Short-term profits for the remaining miners might even increase, but now miners are in a dilemma: should they continue to operate secretly or simply go abroad to seek a way out?

With non-farm payroll data coming in, while others are still guessing on price fluctuations, the brothers inside have already followed the magic numbers to make wave after wave of profits. 👉聊天室 will take you through the key signals; regardless of whether the data shows a rise or fall, there are countermeasures! Limited spots available; hurry to keep up. #美国非农数据超预期 #山寨季将至？ $BTC $ETH