Let's talk about something

It is said that mining in Xinjiang has been shut down again recently

More than 200,000 machines were confiscated

This time it's completely over

Reuters reported that mining in Xinjiang started operating in November despite the ban

The reason is previous excessive investment in data centers

And there are no mining cards

There is no large demand for AI

So everyone is secretly mining

At one point, domestic computing power accounted for 15-20% of the global total

1128 after the new round of crypto crackdowns by 13 ministries in China

Mining machines were confiscated

The mined coins are flooding the market

I wonder how the market has dropped so badly this month

This time it's completely over.