On this day in 2021, China's crackdown on Bitcoin mining reached its peak, forcing massive mining operations to shut down or relocate overnight.
Bitcoin's network hash rate dropped over 50% — the largest drop in history — before recovering entirely within months as miners relocated to more favorable jurisdictions.
bitcoin.rocks
npub18k…469c4
2026-06-15 16:22:47 GMT
Author Public Key
npub18kpw3akvdsyk239lx0jgwksr74sq4nlha3r8u9g2rnrhztfpfhysy469c4Published at
2026-06-15 16:22:47 GMTEvent JSON
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"content": "On this day in 2021, China's crackdown on Bitcoin mining reached its peak, forcing massive mining operations to shut down or relocate overnight. \n\nBitcoin's network hash rate dropped over 50% — the largest drop in history — before recovering entirely within months as miners relocated to more favorable jurisdictions.",
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