Data indicates Xinjiang mining scare overstated: Bitcoin net decline about 20 EH/s

Claims of a renewed Xinjiang mining crackdown spread this week, but the Miner Weekly by TheMinerMag shows the Bitcoin hashrate drop was brief and overlapped with U.S. power curtailments. Most pools rebounded within days, leaving a net decline of roughly 20 exahashes per second versus early talk of approximately 100 EH/s.