Analysis: Bitcoin Mining Revenue Plunges As China Crackdown Continues

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It’s not been a great week for Bitcoin miners in China, particularly in Sichuan province. 

It’s not been a great week for Bitcoin miners in China, particularly in Sichuan province. 

As Bitcoin mining and trading crackdowns spread throughout the country that accounts for about half of all the bitcoin supply, total hash rate and miner revenue have fallen to 2021 lows – down 16% and 28%, respectively.

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