URL details: bytes.localcryptos.com/2021-04-23/bitcoin-xinjiang-blackout/
URL title:
Another major network congestion due to Xinjiang grid blackouts
URL description:
Bitcoin’s total hashrate has dropped by more than 40% due to blackouts and “safety inspections” in China’s Xinjiang Uyghur Autonomous Region. Since Bitcoin’s difficulty adjustment happens approximately once in 2 weeks, the average time between blocks has significantly increased, which resulted in fewer transactions being included into the blockchain. As it was expected, Bitcoin’s mempool started rapidly approaching 200K unconfirmed transactions, forcing users to over-bid each other, which pushed the average
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