Bitcoin network hashrate declines amid end of monsoon season in Sichuan province

Analysts expect, that with the following recalculation, the difficulty of mining bitcoin will significantly decrease, Since after the end of the rain season in the Chinese province of Sichuan Hashrat, the network has fallen noticeably.

Thomas Heller (Thomas Heller)
I paid attention, that a decrease in a chain hashrate Bitcoin compiled 22 Eh / s, This is almost 20% from the general hashrate of the network. If the average hashrate for 7 Days are 132.9 Eh / s, then in the last day - all 112.9 Eh / s.

Since the Bitcoin hashrate has decreased significantly, It is worth expecting a fall in the complexity of BTC production. According to preliminary data, The difficulty of mining will decrease by 7-8%. Recalculation of complexity passes approximately every two weeks, The next is expected 2 November.

Sichuan province is one of the world's largest centers for Bitcoin mining. Thanks to the abundance of hydroelectric power plants in the province, there is an excess of cheap electricity. However, this is only about the rainy season, when plentiful precipitation fills the reservoirs. After the end of the rain season, electricity production is reduced, and its cost increases, Therefore, mining companies turn off part of the equipment or transport it to another area.

Recently reported
About that, that Bitcluster will launch a mining farm for bitcoin production 11.2 that the Russian company BitCluster recently launched a mining farm for bitcoin mining with the capacity. One of the Chinese customers of the company plans to move devices for the production of bitcoins from the province of Sichuan to Norilsk.