{"id":63793,"date":"2025-12-16T14:01:33","date_gmt":"2025-12-16T14:01:33","guid":{"rendered":"https:\/\/dogewisperer.com\/?p=63793"},"modified":"2025-12-16T14:01:33","modified_gmt":"2025-12-16T14:01:33","slug":"bitcoin-mining-hit-hard-10-hashrate-loss-linked-to-china-shutdowns","status":"publish","type":"post","link":"https:\/\/dogewisperer.com\/?p=63793","title":{"rendered":"Bitcoin Mining Hit Hard: 10% Hashrate Loss Linked To China Shutdowns"},"content":{"rendered":"
\n

According to a post by former Canaan<\/a> (a Chinese tech company) executive Jianping Kong, Bitcoin\u2019s<\/a> estimated hashrate fell roughly 10% in a single day, sliding from about 1,053 TH\/s to just under 943 TH\/s.<\/p>\n

Kong said the decline equated to roughly 100 TH\/s to 110 TH\/s lost since Sunday and blamed the change on mining farms in China\u2019s Xinjiang region shutting down.<\/p>\n

He wrote that \u201cat least 400,000 machines\u201d were taken offline,<\/a> using an assumed rate of 250 TH\/s per ASIC as his basis.<\/p>\n

China Mining Instability<\/h2>\n

Based on reports, China remains a volatile source of hashrate. Before 2021, China supplied a majority of the network\u2019s computing power. Now estimates place its share closer to 14% to 20% depending on the data provider.<\/p>\n

\"\"<\/p>\n

Cheap power has drawn miners back, but political and regulatory swings can push large clusters off the grid with little warning.<\/p>\n

Kong framed the recent shutdowns bluntly, saying the temporary loss hands an advantage to other countries, adding that \u201cthe US wins without lifting a finger.\u201d<\/p>\n

Impact On Network<\/h2>\n

Data recorded the drop from 1,053 TH\/s to about 943 TH\/s, a decline of just over 110 TH\/s and roughly 10%. That kind of move can change mining conditions.<\/p>\n

Blocks may be found a little slower until the next difficulty adjustment. The network\u2019s total hashrate is always an estimate inferred from on-chain data, so exact figures are not precise, but the size of this swing is large enough to show how concentrated pockets of mining can still move global metrics.<\/p>\n

<\/p>\n

Kong\u2019s machine-count estimate \u2014 and the 250 TH\/s-per-ASIC figure he used \u2014 are his calculations, not a confirmed inventory count from operators on the ground.<\/p>\n

Bitcoin Mining Operations And Market Shifts<\/p>\n

Reports have disclosed that US mining companies are expanding capacity as global hashrate reallocates.<\/p>\n

\"\"<\/p>\n

Hut 8 announced it is building four new mining sites in Texas, Louisiana and Illinois, adding 1.5 gigawatts of power capacity.<\/p>\n

American Bitcoin, a company tied to the Trump family, is now part of that growth story; the firm acquired a fleet of 16,299 Antminer U3S21EXPH units from Bitmain and its board includes Eric Trump, the second-eldest of US President Donald Trump\u2019s three sons. These moves underline a clear shift in where large-scale mining is happening.<\/p>\n

Featured image from Unsplash, chart from TradingView<\/em><\/p>\n<\/div>\n","protected":false},"excerpt":{"rendered":"

According to a post by former Canaan (a Chinese tech company) executive Jianping Kong, Bitcoin\u2019s estimated hashrate fell roughly 10% in a single day, sliding from about 1,053 TH\/s to just under 943 TH\/s. Kong said the decline equated to roughly 100 TH\/s to 110 TH\/s lost since Sunday and blamed the change on mining […]<\/p>\n","protected":false},"author":1,"featured_media":0,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"iawp_total_views":0,"footnotes":""},"categories":[2],"tags":[3,4,5],"class_list":["post-63793","post","type-post","status-publish","format-standard","hentry","category-news","tag-crypto","tag-doge","tag-news"],"_links":{"self":[{"href":"https:\/\/dogewisperer.com\/index.php?rest_route=\/wp\/v2\/posts\/63793","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/dogewisperer.com\/index.php?rest_route=\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/dogewisperer.com\/index.php?rest_route=\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/dogewisperer.com\/index.php?rest_route=\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/dogewisperer.com\/index.php?rest_route=%2Fwp%2Fv2%2Fcomments&post=63793"}],"version-history":[{"count":0,"href":"https:\/\/dogewisperer.com\/index.php?rest_route=\/wp\/v2\/posts\/63793\/revisions"}],"wp:attachment":[{"href":"https:\/\/dogewisperer.com\/index.php?rest_route=%2Fwp%2Fv2%2Fmedia&parent=63793"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/dogewisperer.com\/index.php?rest_route=%2Fwp%2Fv2%2Fcategories&post=63793"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/dogewisperer.com\/index.php?rest_route=%2Fwp%2Fv2%2Ftags&post=63793"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}