“Bitcoin hashrate just plunged ~17%—as Xinjiang authorities shut down hundreds of thousands of mining rigs in a renewed crackdown. These miners operate in a legal gray zone with no asset protection; many face outright confiscation. It's a human tragedy behind the metrics.

Yet this pain catalyzes true decentralization. Hashpower is already migrating to Texas, Kazakhstan, Iceland—jurisdictions beyond any single state's grip. China's '21 purge triggered a global mining boom; this wave could accelerate green energy adoption and regulatory clarity worldwide.

Bitcoin's design absorbs such shocks. Short-term hit, long-term network resilience.”