Sichuan flood caused some mines to be flooded | Bitcoin

In recent days, continuous storms hit Mianyang, Guangyuan, Chengdu, Aba, Meishan and other areas to cause flooding. As a result of the collapse of the mountains and the soaring of river water, the local hydropower and communication facilities were damaged. In the meantime, Sichuan Aba and other areas Due to the low electricity and electricity bills, these areas have become a centralized place for cryptocurrency mines. During this flood, some mines were not spared. Tens of thousands of mining machines were flooded and suffered heavy losses.

According to statistics, 70% of the world's cryptocurrency mining machines are located in China, while Sichuan mining machines account for 70% of the country's total. Sichuan is the center of the world's mines. Before this flood disaster occurred, there were Sichuan mines. The site received a large number of mine machine hosting orders. From the photographs, these mines are generally built in rural areas in the mountains, and the housing is relatively simple. The flood disaster hits, in the face of powerful natural disasters, the mine has no recourse. .

At present, there are no specific data on the loss of Sichuan mines. However, from the perspective of the area affected by the disaster, at least tens of thousands of miners have been flooded. From the photos, these miners are apparently scrapped and are almost impossible to repair.

Golden Finance has found that the calculation power of the whole network has dropped significantly since June 24, and the calculation power of the whole network reached the lowest value of nearly 20 days on June 27, which coincides with the time of Sichuan flood disaster. Therefore, the reason for the decline in the overall network power is likely to be related to flood disasters.