Kevin Zhang on Twitter: "Updates from calls with #bitcoin mining colleagues in China and what we’re seeing at @FoundryServices 👇👇"
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1) Sentiment is obviously quite dreary and the reality is setting in that it’s GG for mining in China. Some mining friends have stuck around Sichuan since the Bitmain conference to drink their sorrows away. Now… 酒都不想喝了 - “not even in the mood to drink anymore”
2) They estimate that roughly 70% of the #bitcoin mining capacity in China has gone offline and by the end of this month, it’ll be closer to 90% offline.
