Bitcoin just tested the $85,000 mark, and a "mining crackdown storm" has erupted in Xinjiang, China! In just two days, global Bitcoin hash rate plummeted by 30%, marking the most severe contraction since the 2024 halving! Xinjiang was once a "gray zone" for Bitcoin mining, attracting many miners with cheap coal power and lax regulations. But this time, regulatory surprise inspections caused hundreds of ASIC miners to instantly shut down, with over 400,000 devices taken offline, leading industry insiders to call it a "total defeat"! In fact, the storm was foreshadowed long ago, as flashy mining farm videos circulated, raising concerns among top officials. Multiple provinces acted simultaneously, and Xinjiang's mining farms were cleared overnight. China's hash rate share sharply declined, while overseas pools in the US, Kazakhstan, and other countries may become the biggest winners. $XRP $SOL $BNB "Photovoltaic miners" faced even worse, using abandoned power stations for mining at extremely low costs, but they couldn't escape regulatory crackdown—mining machines confiscated, power stations sealed, and their lucrative dreams shattered. Bitcoin's core mechanism remains resilient, and difficulty adjustments could cause remaining miners' profits to soar. However, many global mining operations are in gray areas, and policy changes trigger earthquakes. Miners, should you continue operating "underground" or go fully offshore? The dilemma is here!