What's up with the hash rate?

So today, we had a 2-hour block delay from 06:03 to 08:02. Then there were 4 blocks found, and another block took 57 minutes. Anyone know if major mining farms shut down? Looks like the pools that found those blocks are Huobi, FUPool, AntPool, RawPool, and Binance... so I think they're still active.

But man, this isn’t just a today thing. There are block timestamps from June 8 to June 11 showing fluctuations… we had like 101 blocks in one 24-hour day and then 105 in another. Is this affecting the mean hash rate or what? Viabtc did outpace everyone recently.

Oh, and I heard China’s Qinghai Province is stopping mining operations. Not the biggest mining zone, but what about Sichuan and Yunnan? No clear rules there yet. Sounds like mining might shift to other countries, especially South America. Bitmain’s already considering moving abroad.

I totally agree, big Chinese mining operations moving out is a mistake from their officials. They’ll regret this decision... just watch.

Looking at this, it seems like there were 6 blocks in the last hour! Maybe things are stabilizing? Still, long stretches between blocks are suspicious.

Right? It’s probably just down to luck and the hash rate being lower lately. Longer blocks happen more often when that’s the case. I mean, I explain probabilities all the time, and even I was surprised by those long blocks.

Also, some reports are saying that Xinjiang shut down mining due to some ‘rectification policy.' But then there’s hope that things might change after the CCP anniversary.

BTC.com seems to be having issues too with their miners not finding blocks. They lost a ton of hash power overnight; no clue what’s going on with them.

Anyone else think the declining hash rate is tied to the Chinese government cracking down on mining? Like, what else could explain this right now?

Yeah, this definitely lines up with the crackdowns. Some farms might be shutting down voluntarily, and Chinese media could be spinning the story. Short-term effects on price are possible, but no need to panic yet.

BTC.com had a bunch of blocks on June 10, but now they’re silent. Something's up if they’ve dropped from 17 to 12 EH/s.

I thought this was a joke at first, but it’s kinda déjà vu. Last time we had a big drop was around 25-30%! Now we're looking at 100 blocks again. Why can’t we just go a couple weeks without drama?

Rumor has it that some Chinese miners are moving to Iran. Could this even out the mining scene eventually?

Sichuan, though, wants miners to stay put. This can't be a total hash rate crash. Could just be temporary glitches with hardware.

Yeah, there’s definitely a hash rate hit from before. But I think it'll bounce back soon… just gotta ride this out.

The estimated difficulty drop keeps going down. Last night it was at -4.4%, now it’s around -4.7%. This doesn’t look good.

So there’s talk about a total shut-off in Xinjiang. Power was cut to all mining farms as of June 9. That could really hurt our hash.

Kazakhstan is likely to welcome some of those miners. We might see rigs moving there soon, but it'll take months to get running again.

The difficulty change is still dropping with only 158 blocks left; we might hit a larger drop than expected.

We were off by 78 blocks yesterday, now it’s up to 98. Looks like more gear is going offline.