In the frostbitten expanse of Xinjiang, the iron fist of Beijing has silenced the hum of 400,000 ASICs, casting a shadow over Bitcoin’s hashrate, which now wanes like a fading star, compelling miners to part with their digital treasures at prices so low, they might as well be selling confetti. 🚨💸
plummeting prices pushing legacy hardware into the abyss of negative profit margins, regional enforcement actions erasing capacity from mining’s heartlands, and rising winter energy costs, a seasonal curse for North America’s digital miners. ❄️
Hashprice, that elusive measure of digital gold’s worth, has plummeted to depths unseen, a testament to the chaos wrought by the crackdown. 🚨📉
Bitcoin, once a beacon of hope, now hovers near the bottom of its late-November range, a shadow of its former self, as miners, desperate and dazed, liquidate their coins and hardware, their dreams as fragile as the winter frost. ❄️
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2025-12-18 14:06