💥 Gate Square Event: #PostToWinCC 💥
Post original content on Gate Square related to Canton Network (CC) or its ongoing campaigns for a chance to share 3,334 CC rewards!
📅 Event Period:
Nov 10, 2025, 10:00 – Nov 17, 2025, 16:00 (UTC)
📌 Related Campaigns:
Launchpool: https://www.gate.com/announcements/article/48098
CandyDrop: https://www.gate.com/announcements/article/48092
Earn: https://www.gate.com/announcements/article/48119
📌 How to Participate:
1️⃣ Post original content about Canton (CC) or its campaigns on Gate Square.
2️⃣ Content must be at least 80 words.
3️⃣ Add the hashtag #PostTo
At the current price of BTC, the mining farms are already starting to struggle. Around $97,000, approximately 25% to 30% of the computing power is gradually shutting down, translating to about 263 to 315 EH/s of machines going offline.
This year, after the halving, a batch of inefficient mining machines was eliminated, leaving only a little over 20% remaining. As a result, this round of correction has forced mining companies to optimize their production capacity—such as Riot Platforms directly cutting 10% of its operating computing power.
What's even harsher is that if the coin price continues to slide towards $90,000, the shutdown wave could reach as high as 35% or even 45%. At such times, those mining giants holding a large amount of Computing Power should probably step in to stabilize the market, right?