Анализ показывает, что падение хешрейта биткоина связано не только с отключениями в Китае Translation: Analysis shows that the decline in Bitcoins hash rate is not only related to shutdowns in China.

The abrupt 8% decline in Bitcoin’s network hashrate is attributed not solely to China and is considered a temporary occurrence. This was reported by TheMinerMag.

On December 13, rumors circulated on social media regarding the shutdown of between 200,000 to 400,000 mining devices for the leading cryptocurrency. Former co-chairman of miner Canaan and founder of Nano Labs, Jack Kong, was one of the first to point this out.

Some speculated that the figure could even reach 500,000 units with a combined power of 2 GW.

A few days later, Kong reported that the hashrate of the blockchain for the digital gold decreased by 8%, approximately 100 EH/s.

While the decline was indeed recorded, it was not solely due to the shutdown of mining farms in Xinjiang.

Experts indicated that a significant portion was due to pools based in the United States. The most notable drops were observed at Foundry USA and Luxor, which were affected by colder weather and energy consumption restrictions. Together, these accounted for around 200 EH/s of the overall decline.

Hashrate for major pools of Chinese origin—Antpool, F2Pool, ViaBTC, SpiderPool, and Binance Pool—fell by 100 EH/s. However, many of these are located outside of China, suggesting some may have been impacted by issues beyond the country’s borders.

By December 17, their performance had nearly recovered, indicating a temporary disruption rather than a permanent device shutdown.

An exception was SpiderPool, whose hashrate remained approximately 20 EH/s lower as of December 18. TheMinerMag believes this indirectly confirms the reality of some but still limited outages.

“It is also quite possible that some miners in Xinjiang voluntarily shut down over the weekend to avoid drawing attention during inspections, and then quietly returned to the network when the pressure lessened,” they added.

In contrast to Bitcoin, Litecoin experienced a hashrate drop of 20% on December 15, decreasing from 3.38 PH/s to 2.65 PH/s, and has yet to recover.

“This suggests that the resurgence of mining in the region was not limited to Bitcoin, and other networks based on PoW may also be more vulnerable,” the experts concluded.

Recall that at the end of November, China’s share in the mining of the first cryptocurrency exceeded 14%. The country ranked third in the world for this indicator.