🤯 October 13, 2021 — China completely shut down mining (The End of an Era):
On this day, China’s state-owned power company, State Grid, issued a final directive completely banning the supply of electricity for Bitcoin mining across the country. The network’s hash rate $BTC temporarily fell, and miners began a mass “great migration” to the United States, Kazakhstan, and Russia. $ETH
#china #Mining #bitcoin #CryptoNewss #TrendingTopic
On this day, China’s state-owned power company, State Grid, issued a final directive completely banning the supply of electricity for Bitcoin mining across the country. The network’s hash rate $BTC temporarily fell, and miners began a mass “great migration” to the United States, Kazakhstan, and Russia. $ETH
#china #Mining #bitcoin #CryptoNewss #TrendingTopic