This probably belongs more in mining speculation but we saw a 20%+ difficulty jump on the 13th, but that came after the 12% drop on the 1st, now if everything stays stable we are looking at about an 8% drop in a couple of days.
That looks more to me like the difficulty is moving with the price (with the 2 week delay of difficulty adjustment)
AT $60k+ BTC I was thinking about putting some S9 units back online.
At $40K- BTC I am thinking about pulling the S19 offline and selling it here.
How many other people wind up in the same loop?
Saying China is shutting down farms for carbon emissions is FUD at best.
-Dave
so, go to google the policy of Mr. Xi announcement on May 1st. here is link:
https://www.bloomberg.com/news/articles/2021-05-01/xi-vows-focus-on-emission-cuts-end-energy-inefficient-projects.
and china Copper smelting companies reduce imports of copper concentrate ， in order to reduce power consumption .
https://www.zaobao.com.sg/realtime/china/story20210509-1145472