2025-12-17 06:50:24

#美联储降息 The total network hash rate suddenly plummeted by 30%, and BTC market sentiment has reached a turning point

Yesterday, there was still optimism about BTC reaching new highs, but today the global hash rate has experienced a sharp slowdown—within just 48 hours, BTC network hash rate has decreased by nearly 30%. This is the most severe decline since the halving event. The underlying truth points to a massive underground mining network in Xinjiang.

Since the domestic policy adjustments in 2021, Xinjiang has secretly built a large-scale mining ecosystem thanks to extremely low electricity costs. Miners have been quietly making profits here, even feeling they’ve found a regulatory blind spot. But the storm came unexpectedly—sudden inspections instantly cut off power, causing over 400,000 high-performance mining machines to shut down on the spot. Miners had no chance to relocate their equipment. Industry insiders say this was a thorough clearance, leaving no room for negotiation. Some speculate that certain miners may have been flaunting their mining profits on social platforms, inadvertently attracting regulatory attention.

Participants in Qinghai’s photovoltaic mining farms are even more directly affected—they contracted old photovoltaic power stations with electricity costs as low as a few cents, and planned to recoup their investment in half a year to double their profits. Now, with the power stations sealed off, their wealth-building expectations have been instantly shattered.

This wave of major adjustments in Eastern hash rate has completely rewritten the global mining landscape. U.S. and Kazakhstan compliant mining pools have instead gained significant profits. Coupled with Ethereum’s upgrade cycle and declining mining machine leasing costs, early movers have already been harvesting opportunities in the shadows.

The question now facing everyone is: Is this crackdown temporary, or does it mark the beginning of a new large-scale migration of global hash rate? Will miners rush overseas to compliant mining farms, or continue to look for the next low-cost electricity region within the country? These changes are not only reshaping the mining economy but will also inevitably influence BTC and the entire market’s price trends.

$BTC $ETH

BTC1,91%

ETH1,38%

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BlockTalk

· 2025-12-20 06:50

Oh no, it's really over this time. Xinjiang has directly cut off power, and 400,000 mining machines are shut down at once. Those miners bragging online are really something. They brought this on themselves and dragged down the entire market. Now look at them. The overseas mining farms are the happiest now. Those who planned ahead really made a killing. We're still just watching the show here.

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FlippedSignal

· 2025-12-18 20:55

Damn, over 400,000 mining machines went to zero overnight. How much money did that cost? --- Once again, social media flaunting wealth caused trouble. They really take advantage and then act innocent. --- Overseas mining pools are secretly celebrating. While we clear the scene, they’re making easy profits. --- The dream of breaking even in half a year has been shattered. This time, photovoltaic miners are truly miserable. --- It feels like this isn’t just a temporary crackdown; a major reshuffle of the landscape is really happening. --- I’ve had a premonition that the domestic authorities would take action, yet some people still pretend not to see. --- So, are there still people hoping to find the next electricity price lowland domestically? Dream on. --- This drop in BTC isn’t without reason; the hash rate has decreased by a third. --- Miners are either going abroad or quitting and retiring. It seems there’s no middle ground anymore. --- One act of showing off has destroyed the entire ecosystem. This lesson is quite profound, isn’t it?

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MiningDisasterSurvivor

· 2025-12-18 20:40

It's the same story again, I've been through this... During the 2018 mining crisis, so many people went all-in in a suicidal manner, only to see everything revert overnight. Now these new miners are still dreaming, thinking that the electricity price advantage will let them earn passively forever, not realizing that regulation can wipe it all out with a single word. Showcasing wealth on social platforms is brilliant, really, it's almost like posting your address for people to look up directly... Look at these project teams and miners, cut from the same cloth, earning some money and then sticking their tails up in the air, sooner or later they'll fall. Regulatory-compliant mining pools are hilarious; those who saw through all this early on are the smart ones. Overseas, the organizational system is complete, so they can sleep peacefully. On this side? Keep looking for the next "electricity price advantage" and wait to be educated.

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BetterLuckyThanSmart

· 2025-12-17 07:20

Damn, over 400,000 mining machines gone overnight, how much money did that cost... Really, some people just quietly get rich and still insist on showing off, now they've just brought trouble upon themselves This wave of compliant mining pools is truly making a killing, damn luck The Fed cutting interest rates? Not at all, the real killer is the plummeting hash rate How low are electricity costs in Xinjiang? Laughing to death, now it's all gone For those who have already laid out overseas mining farms, this time they've really hit the jackpot How big must the mentality be for domestic miners to still dare to mine... If all miners move to the US or Kazakhstan, how will BTC prices move? That's the real key Is the photovoltaic mining farm directly shutting down? Wow, double the returns and it's gone before it even heats up Where's the next electricity price lowland? Let's hear what the experts have to say

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memecoin_therapy

· 2025-12-17 07:18

Wow, what are you showing off for? It triggered a major inspection. This move is really top-notch.

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OnchainUndercover

· 2025-12-17 07:17

Haha, making money quietly without flaunting wealth on social media—this move is really brilliant. Hash rate drops by half in a day, how are the miners so good at pulling off stunts? The group that preemptively set up compliant mining farms—are they really making a killing this time? The domestic electricity price advantage is gone; should we consider bottom fishing next? Over 400,000 mining machines shut down on the spot—this pace is just too intense. Miners in the US should be sneaking a laugh right now. What kind of market landscape can this wave of adjustments reshape? It's really interesting.

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SerNgmi

· 2025-12-17 07:11

Wow, this move is too fierce. Over 400,000 mining machines are being cleared out directly? There's really no buffer at all.

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NullWhisperer

· 2025-12-17 07:01

lmao the "oops we got caught flexing on socials" part is actually the most hilarious vulnerability here... like bro you really thought operational security was optional? 🎯 anyway this just proves once again that hashrate concentration was always theoretically exploitable, just needed someone stupid enough to trigger the audit (governance action, really)

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Tokenomics911

· 2025-12-17 06:57

Damn, it's the same old trick again. Miners really should learn to be smarter. --- Over 400,000 mining machines gone overnight. This round of cutting profits is ruthless. --- Already said not to show off on social media. Serves you right. --- Americans are laughing to death. Eastern computing power has taken all their market share. --- The group in Qinghai saw their half-year return dream shattered. Zero seconds of regret. --- This time, the global mining map has truly been reshuffled. It's quite interesting. --- Where is the next electricity price depression zone? That's the key. --- Legitimate mining pools are making a killing this round. I should switch over. --- A 30% drop in hash rate. This BTC turnaround isn't that simple. --- Xinjiang's blind spot is no longer blind. The regulatory measures are quite clever.

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