Bitcoin and other mining machines were collectively cut off, and all mines in Sichuan were closed

Not long ago, Sichuan announced the regulation of bitcoin and other digital currency mining. It was reported that at 0:00 on June 20, all mines in Sichuan were collectively cut off, and bitcoin miners who had no time to transfer suffered huge losses.

According to reports, Sichuan is the largest gathering place of bitcoin miners in China and even in the world, with about 8 million loads being used for cryptocurrency mining.

Industry insiders said, "with the mining in Sichuan being withdrawn, the most tragic moment for miners has come for the first time in the history of blockchain. How far-reaching is the historical significance of this time will be known in the future."

According to qkl123, the current average computing power of bitcoin in the whole network is 129.52eh/s, 34% lower than the historical high of 197.61eh/s (May 13).

Meanwhile, according to oklink data, the computing power of the top ten bitcoin mines in the world, such as antpool, poolin and Huobi pool, with Chinese background, has dropped sharply, with the decline rates of 21.05%, 16.45% and 31.19% respectively in the past 24 hours.

A few days ago, a notice circulated on the Internet about the closure of virtual currency mining projects in Sichuan. According to the document, all cities (prefectures) completed the screening, cleaning up and closure of 26 suspected key projects of virtual currency mining in Sichuan Province before June 20. Meanwhile, power generation enterprises were required to stop power supply to the virtual currency mining projects immediately and report the self inspection and rectification situation before June 25. In addition, the municipal (state) government was also required to carry out a network investigation, and immediately shut down the mining projects found.