Recently, Mianyang, Guangyuan, Chengdu, Aba, Meishan and other places in Sichuan suffered continuous heavy rains, causing floods, landslides, local hydropower, and communication facilities to varying degrees. Many mines in Sichuan also suffered heavy losses.
Because Sichuan Aba and other areas are rich in water and electricity, and the electricity bill is low, many people put the cryptocurrency mining machine there. According to some data, 70% of the world's mining machines are in China, and Sichuan accounts for 70% of the entire China. It is the world's mining capital.
The result was not contemplative. In the flood disaster, some mines were flooded, and tens of thousands of mining machines were flooded, causing heavy losses.
From the photos posted by netizens, Numerous parts such as mining graphics cards and power supplies have been thrown outdoors, and should have been scrapped. Even the mine owners are cleaning the graphics cards, but it seems that there is almost no possibility of repair.
Query Bitcoin's total network computing power to find out, From June 24th, the overall network computing power dropped significantly. On June 27th, it fell to nearly 20 days and low, which coincided with the Sichuan flood time.
In fact, in the second quarter, the global virtual currency market continued to fall sharply, the demand for mining cards dropped sharply, and many small and medium-sized mining owners also quit, and this flooding may be able to completely cool the mines. The card market is also expected to accelerate back to normal.
So, is this really good news?
