{"id":92204,"date":"2025-12-15T14:05:14","date_gmt":"2025-12-15T11:05:14","guid":{"rendered":"https:\/\/forklog.com\/en\/?p=92204"},"modified":"2025-12-15T14:10:26","modified_gmt":"2025-12-15T11:10:26","slug":"bitcoin-hashrate-drops-8-amid-rumors-of-mining-farm-raids-in-china","status":"publish","type":"post","link":"https:\/\/u1f987.com\/en\/bitcoin-hashrate-drops-8-amid-rumors-of-mining-farm-raids-in-china\/","title":{"rendered":"Bitcoin Hashrate Drops 8% Amid Rumors of Mining Farm Raids in China"},"content":{"rendered":"<p>Between December 14 and 15, the <span class='old_tooltip' data-descr='Hashrate is the total computational power used to mine and process transactions on a blockchain.'>hashrate<\/span> of the leading cryptocurrency network fell by 8%\u2014approximately 100 EH\/s. This was stated by Nano Labs founder Jack Kong.\u00a0<\/p>\n<blockquote class=\"twitter-tweet\">\n<p lang=\"zh\" dir=\"ltr\">\u7b97\u529b\u8f83\u6628\u5929\u6389\u4e86100E\uff0c\u8dcc\u4e868%\uff0c\u6309\u7167\u5e73\u5747250T\uff0c\u81f3\u5c11\u5173\u4e8640\u4e07\u53f0 \u673a\u5668\u5173\u4e86 <a href=\"https:\/\/t.co\/cCg1F0DXOF\">https:\/\/t.co\/cCg1F0DXOF<\/a><\/p>\n<p>\u2014 Jack\u5b54@Nano Labs(NA)\ud83c\udded\ud83c\uddf0 (@punk8185) <a href=\"https:\/\/twitter.com\/punk8185\/status\/2000422388635447486?ref_src=twsrc%5Etfw\">December 15, 2025<\/a><\/p><\/blockquote>\n<p> <script async src=\"https:\/\/platform.twitter.com\/widgets.js\" charset=\"utf-8\"><\/script><\/p>\n<p>Experts at <a href=\"https:\/\/x.com\/BlockBeatsAsia\/status\/2000451995375731012\">BlockBeats<\/a> noted that over the week, the figure dropped by 17.25%. As of December 15, it stood at 988.49 EH\/s, according to F2Pool.\u00a0<\/p>\n<h2 class=\"wp-block-heading\">Possible Cause\u00a0\u00a0<\/h2>\n<p>According to Kong, the decline in hashrate is due to the closure of mining farms in Xinjiang, China. Journalist Kuai Dong expressed a similar view.<\/p>\n<blockquote class=\"twitter-tweet\">\n<p lang=\"zh\" dir=\"ltr\">\u770b\u597d\u51e0\u4e2a\u77ff\u5708\u8001\u4eba\u4eca\u5929\u8bf4\u8fd9\u4e2a\u4e8b\uff0c\u90a3\u5e94\u8be5\u662f\u771f\u7684\u4e86\u3002<\/p>\n<p>\u4e0d\u8fc7\u5177\u4f53\u56e0\u8fd9\u6ce2\u4e2d\u56fd\u52a0\u5bc6\u653f\u7b56\u6536\u7d27\uff0c\u5230\u5e95\u662f 20 \u4e07\u8fd8\u662f 40 \u4e07\u53f0\u6bd4\u7279\u5e01\u77ff\u673a\u88ab\u67e5\u5c01\u3001\u505c\u673a\uff0c\u73b0\u5728\u5927\u5bb6\u8fd8\u4e0d\u592a\u786e\u5b9a\u3002\u770b\u5b54\u5251\u5e73\u63a8\u6d4b\u7684\u662f\uff0c\u8fd9\u6ce2\u4e25\u6253\u6709 40 \u4e07\u53f0\u673a\u5668\u5173\u4e86\u3002<\/p>\n<p>\u8fd8\u8bb0\u5f97\u4e0a\u4e2a\u6708\uff0c\u8def\u900f\u793e\u72ec\u5bb6\u7206\u6599\uff0c\u6709\u65b0\u7586\u7684\u6bd4\u7279\u5e01\u77ff\u5546\u6b63\u5728\u91cd\u542f\u6316\u77ff\uff0c\u4f7f\u4e2d\u56fd\u91cd\u8fd4\u5168\u7403\u7b2c 3\u3002\u2026 <a href=\"https:\/\/t.co\/HQ4iQC832T\">https:\/\/t.co\/HQ4iQC832T<\/a> <a href=\"https:\/\/t.co\/819VwbUc7N\">pic.twitter.com\/819VwbUc7N<\/a><\/p>\n<p>\u2014 AB Kuai.Dong (@_FORAB) <a href=\"https:\/\/twitter.com\/_FORAB\/status\/2000450034190717369?ref_src=twsrc%5Etfw\">December 15, 2025<\/a><\/p><\/blockquote>\n<p> <script async src=\"https:\/\/platform.twitter.com\/widgets.js\" charset=\"utf-8\"><\/script><\/p>\n<p>He referred to statements from unnamed members of the mining community. According to their information, Chinese authorities have confiscated or shut down between 200,000 and 400,000 bitcoin mining devices.\u00a0<\/p>\n<p>Some experts cited a <span class='old_tooltip' data-descr='Reuters is an international news organization.'>Reuters<\/span> report from late November as the primary reason for the raids. The agency claimed that the mining sector in China is experiencing a &#8220;quiet resurgence,&#8221; with the country&#8217;s share in global hashrate rising to 14%.\u00a0<\/p>\n<p>Journalists spoke with private Chinese miners. A contact from Xinjiang mentioned returning to cryptocurrency mining at the end of 2024.\u00a0<\/p>\n<blockquote class=\"wp-block-quote is-layout-flow wp-block-quote-is-layout-flow\">\n<p><em>&#8220;A lot of energy cannot be transmitted outside Xinjiang, so it is consumed through cryptocurrency mining. New facilities are being built\u2014people mine where electricity is cheap,&#8221; he noted.\u00a0<\/em><\/p>\n<\/blockquote>\n<p>According to TheMinerMagazine, before the official ban on digital assets in China in 2021, Xinjiang was considered the informal capital of bitcoin mining.\u00a0<\/p>\n<p>Users reported police raids on farms in the region as early as June. However, no confirmations from law enforcement have emerged.\u00a0<\/p>\n<p>Following the Reuters publication, the People&#8217;s Bank of China <span class='old_tooltip' data-descr='Confirmed means to establish the truth or correctness of something.'>confirmed<\/span> the illegal status of cryptocurrencies in the country.\u00a0<\/p>\n","protected":false},"excerpt":{"rendered":"<p>Between December 14 and 15, the hashrate of the leading cryptocurrency network fell by 8%\u2014approximately 100 EH\/s. This was stated by Nano Labs founder Jack Kong.<\/p>\n","protected":false},"author":1,"featured_media":92205,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"select":"1","news_style_id":"1","cryptorium_level":"","_short_excerpt_text":"Bitcoin hashrate fell 8% amid rumors of mining farm raids in China.","creation_source":"","_metatest_mainpost_news_update":false,"footnotes":""},"categories":[3],"tags":[18,133,1137],"class_list":["post-92204","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-news-and-analysis","tag-bitcoin","tag-china","tag-cryptocurrency-mining"],"aioseo_notices":[],"amp_enabled":true,"views":"280","promo_type":"1","layout_type":"1","short_excerpt":"Bitcoin hashrate fell 8% amid rumors of mining farm raids in China.","is_update":"","_links":{"self":[{"href":"https:\/\/u1f987.com\/en\/wp-json\/wp\/v2\/posts\/92204","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/u1f987.com\/en\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/u1f987.com\/en\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/u1f987.com\/en\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/u1f987.com\/en\/wp-json\/wp\/v2\/comments?post=92204"}],"version-history":[{"count":1,"href":"https:\/\/u1f987.com\/en\/wp-json\/wp\/v2\/posts\/92204\/revisions"}],"predecessor-version":[{"id":92206,"href":"https:\/\/u1f987.com\/en\/wp-json\/wp\/v2\/posts\/92204\/revisions\/92206"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/u1f987.com\/en\/wp-json\/wp\/v2\/media\/92205"}],"wp:attachment":[{"href":"https:\/\/u1f987.com\/en\/wp-json\/wp\/v2\/media?parent=92204"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/u1f987.com\/en\/wp-json\/wp\/v2\/categories?post=92204"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/u1f987.com\/en\/wp-json\/wp\/v2\/tags?post=92204"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}