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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.
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**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?
