China Mining Ban 2.0? Inside CCP Sweep of Xinjiang's Bitcoin Mines / w Nick Hansen

About this episode

Subscribe to the Blockspace newsletter! Welcome back to The Mining Pod! Today, Nick Hanson, CEO of Luxor Technology, joins us to talk about the ramifications of the most recent Bitcoin mining crackdown in Xinjiang China, how it relates to the 2021 prior ban, and what could happen to all that hashrate if the crackdown holds. Subscribe to the newsletter! https://newsletter.blockspacemedia.com **Notes:** 100 EH/s off-line in Xinjiang 1.3GW to 1.63GW of lost capacity 400,000 to 500,000 machines off-line Hashrate fell 6% to 1062 EH/s China's market share: 14% (145 EH/s) Hash price $36 or $37 (depressed) Timestamps: 00:00:00:00 Start 00:03:02:23 China Ban Redux 00:07:03:13 Discrepancy in numbers 00:08:13:22 What does this mean for miners? 00:09:52:11 Tik Tok & Red Note 00:12:00:19 Global Hashrate heat map 00:13:54:09 Moving hashrate globally 00:16:49:24 ASIC market 00:18:42:10 Does this lead to consolidation in ASIC manufacturing?00:21:39:23 What about China Ban 1.0? 👉CleanSpark, America's Bitcoin Miner! CleanSpark (Nasdaq: CLSK) is a market-leading data center developer with a proven track record of success. We own a portfolio of power, land, and data cen