Bitcoin hash is recovering after the start of the rainy season in Sichuan
Poolin mining pool representative Alejandro De La Torre explained the reasons for the restoration of the bitcoin network power to 100 EH / s.
#bitcoin hashrate picking up last couple of days most likely due to Sichuan region mining picking up & new mining rigs reaching their destinations. Next difficulty adjustment (6 days) estimation sees a DECREASE of -15.49%, could be 1 of the HIGHEST % decreases in btc history👀 pic.twitter.com/PFu7bHkfmY
— Alejandro De La Torre (@bitentrepreneur) May 29, 2020
First of all, this is due to the beginning of the rainy season in the Chinese province of Sichuan. Earlier, regional authorities demanded miners to stop mining BTC, because due to the drought, local hydropower plants could not work. But the weather canceled this problem.
Secondly, Poolin and other large mining pools are now actively re-equipping their enterprises with new ASIC devices with higher performance.