🚨 Breaking! The Bitcoin network is experiencing a "hash rate earthquake"! Xinjiang mining farms are suddenly being inspected, and global hash rate has plummeted by over 17% within a week, with at least 400,000 mining machines instantly powered down! $BTC

This is not an ordinary fluctuation, but a thunderous strike against the "gray empire." Despite a clear ban in 2021, regions like Xinjiang have continued to be the "underground heart" of global Bitcoin mining, quietly contributing about 14% of the world's hash rate (the third highest globally). Last month, foreign media reported that China's hash rate was "quietly reviving," which likely triggered this precise crackdown. $ETH

💥 Impact and chain reactions:

· Major hit to global hash rate: The total hash rate of Bitcoin dropped over 17% from its peak to about 988 EH/s in a short time. This means the network's security hash rate has significantly decreased, and the short-term earnings of remaining miners may unexpectedly surge due to the lag in difficulty adjustments. $BNB

· Where will miners go? This situation is similar to the events of 2021: Domestic mining farms face the choice of either "moving underground to a more concealed location" or "completely migrating overseas." Compliant mining pools in the U.S., Kazakhstan, and other regions will become the main beneficiaries.

· Long-term warning: This incident once again raises the alarm— the Bitcoin network remains quite fragile, heavily reliant on specific regions' energy and policies. Any slight disturbance could trigger severe fluctuations in the entire network's hash rate. #CryptoMarketWatch

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