Bitcoin network’s mining metrics have taken a significant hit post exodus of miners from China. Since a majority of Bitcoin miners were located in China and had to either close or relocate in light of the latest crackdown from Beijing, the Bitcoin network suffered a 50% fall in mining hashrate. The decline in mining power has subsequently lead to an extension in Bitcoin block generation time.
Bitcoin records second-highest block generation time in 11 years
coingape.com
01 July 2021 15:59, UTC