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The Bitcoin network experiences a "hash rate earthquake"! Xinjiang mining farms suddenly face inspections, causing a global hash rate plunge of over 17% in one week, with at least 400,000 mining rigs instantly powered off! $BTC
This is not just normal fluctuation but a thunderous strike against the "gray empire." Although it was officially banned in 2021, regions like Xinjiang have long been the "underground heart" of global Bitcoin mining due to cheap electricity, quietly contributing about 14% of the world's hash rate (third in the world). Last month, foreign media reported a "quiet revival" of China's hash rate, which likely directly triggered this targeted crackdown.