How Accidents in Chinese Coal Mines Are Affecting Bitcoin Mining


Source: coindesk.com coindesk.com

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Disruptions in coal plants in Xinjiang and other parts of China have knocked out bitcoin miners in the region, clipping as much as 35 exahashes of from Bitcoin’s global hashrate, CoinDesk has learned. Figures shared with CoinDesk show F2Pool, Antpool, BTC.com and Poolin, the four largest pools in the world, have collectively lost 86% of their share of Bitcoin’s global hashrate over the last 24 hours. Primitive Ventures partner Dovey Wan, who operates mining equipment in one of the regions, told CoinDesk the coal fire plants are down after “a massive explosion under the plants.” The coal plant shutdowns follow...