Following the Power Outage in Xinjiang, Crypto Mining Industry is moving to North America

Following the Power Outage in Xinjiang Crypto Mining Industry is moving to North America

Following the outages after a deadly coal mine accident last month, following the outages after a deadly coal mine accident last month.

Forcing many ASIC miners to turn off their machines, the incident required rigorous inspections of mining facilities

Prior to the incident in the middle of April, Hashrates have currently recovered to near the rates they were

However, the industry appears to be gradually shifting from China to North America, which is one interesting shift since the outage.

For the first time in 8 years, more than half the BTC hashing power was coming from outside of China, according to F2 pool founder Chun Wang. This may have been partially tied to the incident, but is a trend that many experts are following as mining regulations in China appear to be growing stricter.

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