In the Chinese province of Sichuan, a flood caused by heavy rains “washed away” a mining farm.
This was announced by the operator of one of the largest mining pools of Bitcoin Poolin. He posted two entries in Twitterby attaching relevant videos. One shows a raging stream of water, and the other shows “employees who are trying to get miners out of the mud.”
Poolin Telegram channel administrator Molly Zhang clarified the details of the incident. According to her, the equipment placed on the farm was not the property of the company, but belonged to its customers.
Co-founder of the portal 8btc Red Li (Red Li) has confirmed information about the affected Chinese miners. 8btc editor Lylian Teng said that a number of mining farms “really suffered,” but the damage caused is not so great compared to a similar disaster in 2018.
The China Daily reported that the flow of mud water disrupted electricity supplies in the region, and some roads had to be blocked. As a result of the natural disaster, at least 7 people died and 24 more disappeared.
The information portal 8btc.com notes that miners will have to indemnify themselves, since insurance does not apply to such cases. At the moment, it is not known how much equipment was damaged by the flood.
According to the btc.com portal, the 24-hour bitcoin hash rate on Monday, when heavy rains began, was 78 EH / s, and on Wednesday it fell to 73 EH / s. But at the same time, it cannot be argued that such a significant drop in the hashrate arose due to the destruction of Chinese mining farms.
Sichuan is an attractive region for mining due to cheap electricity, especially in rainy summers. Last summer, it was reported that the flood in Sichuan caused the loss of “tens of thousands” of mining devices.