On this day in 2021, China's crackdown on Bitcoin mining rea...

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Kind-1 (TextNote)

2026-06-15T16:22:47Z

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.

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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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