Heavy Rains In China Force Bitcoin Miners To Stop Their Operations
Heavy rainfall in China’s Sichuan province has triggered land and mudslides leading to various local hydropower stations and Bitcoin mining farms to suspend their operations.
Sichuan’s mountainous areas of Aba prefecture has been receiving heavy rains since Monday and local government now says landslides have now affected 17 counties in the area.
There are several mining facilities in Wenchuan which have since been destroyed with different Bitcoin mining machinery being buried under the mud as per the video clip posted on Twitter by Mining pool Poolin, the fourth-largest active pool on the Bitcoin network.
2/2 clip of personnel digging out miners from the mud: pic.twitter.com/QebXEqBjrN
— Poolin (@officialpoolin) August 21, 2019
Another clip shows workers rescuing mining machines from the slit left behind by the mudslides.
The mining operator said that the heavy rainstorm has led to massive levels of water in dams used by the local hydro power plants, leading to many stations to abandon power generation hence an acute power shortage in the area which will affect the operations of the mining farms albeit for a short while.
It remains unclear as per now the number of Bitcoin miners that have been affected since they are widely scattered.
Hash Rate Not Affected
As per the data obtained from mining pool btc.com, Bitcoin’s 24 hour average hash rate has reduced from approximately 78exhash per second on Monday to around 73 exhash on wednesday. However, Bitcoin’s three day and seven day averages have steadied at about 74 exhash from Monday.
Sichuan has been receiving moderate rains in the summer leading to cheap power which has seen miners flooding the province leading an all time high Bitcoin hash rate. However, it seems like the heavy rains being experienced now is an operational risk.
It is not yet clear when normalcy will return in Wenchuan as the local met department has predicted a prolonged rainfall season. This means that the power supply is likely to be disrupted for long to the disadvantage of the miners.
Despite the havoc in the area, Cointelegraph predicts that effects on the value of Bitcoin will be minimal compared to last year.