Bitcoin’s network quickly recovered after alleged large-scale mining shutdowns in Xinjiang on December 13, with data showing only a brief, modest impact on hashrate on December 18, contrary to early social media reports. Reports of a sweeping Xinjiang crackdown knocking 100 exahashes per second (EH/s) off Bitcoin network have been challenged by pool-level data indicating a much smaller, temporary disruption. The scare began after Nano Labs founder and former Canaan co-chair Jack Jianping Kong posted on X ...