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The total network hashrate has dropped by 10% compared to yesterday, which is estimated to be equivalent to 500,000 mining machines being taken offline. Both of the newly added heavyweight departments involved in this cleanup have begun to exert their influence. The Central Financial Office has announced that any bank transfer with encrypted-related remarks will result in the freezing of bank cards. And this crackdown on mining farms, according to documents leaked by Brother B, is led by the National Development and Reform Commission.

Bruce
@BTCBruce1
12-15
China has once again tightened regulations on domestic Bitcoin mining. In December, most mining operations in Xinjiang were shut down, with around ~400K Bitcoin miners taken offline.
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