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BTC hash rate slumps amid seasonal miner migration in China

BTC hash rate slumps amid seasonal miner migration in China | COSS Exchange

BTC hash rate slumps amid seasonal miner migration in China Mining data aggregators attribute a slump in Bitcoin’s hash rate to the end of the wet season in Sichuan, resulting in many miners migrating to other jurisdictions.On Oct. 26, Thomas Heller of Bitcoin (BTC) mining blog Hashr8 reported that roughly 22 exahashes per second (EH/s) of mining power had left the Bitcoin network, coinciding with the end of the season the previous day (based on weather forecasts). Bitcoin hash rate 12-month chart: Blockchain.com

 

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