A recent spate of bad weather has hit Chinese province Sichuan and caused some Bitcoin miners to halt their operations. The Poolin area has demonstrated that many of the area’s cryptocurrency mining facilities, which take advantage of the relatively cheap hydroelectric power available there, have been totally decimated by floods. The cheap hydroelectricity resulted from the summer rainy season in Sichuan has been attracting many bitcoin miners, which recently pushed bitcoin’s total hashing power to a new high, although massive amounts of rainfall now appears to be also an operational risk. Sichuan Minjiang, a prominent hydro-energy company listed on the Shanghai Stock Exchange, commented saying that three of its power plants in the area have already halted operations, while another one is flooded with water. The China Daily have also run a story about the implications the weather is having on the area. To read the full story click here FX Street FX Street FXStreet is the leading independent portal dedicated to the Foreign Exchange (Forex) market. It was launched in 2000 and the portal has always been proud of their unyielding commitment to provide objective and unbiased information, to enable their users to take better and more confident decisions. View All Post By FX Street Crypto News share Read Next USD/JPY: Upside risks remain place for the yen – MUFG FX Street 4 years A recent spate of bad weather has hit Chinese province Sichuan and caused some Bitcoin miners to halt their operations. The Poolin area has demonstrated that many of the area's cryptocurrency mining facilities, which take advantage of the relatively cheap hydroelectric power available there, have been totally decimated by floods. The cheap hydroelectricity resulted from the summer rainy season in Sichuan has been attracting many bitcoin miners, which recently pushed bitcoin's total hashing power to a new high, although massive amounts of rainfall now appears to be also an operational risk. Sichuan Minjiang, a prominent hydro-energy company listed on… Regulated Forex Brokers All Brokers Sponsored Brokers Broker Benefits Min Deposit Score Visit Broker 1 $100T&Cs Apply 0% Commission and No stamp DutyRegulated by US,UK & International StockCopy Successfull Traders 9.8 Visit Site FreeBets Reviews$100Your capital is at risk. 2 T&Cs Apply 9.8 Visit Site FreeBets Reviews$100Your capital is at risk. 3 Recommended Broker $100T&Cs Apply No deposit or withdrawal feesTrade major forex pairs such as EUR/USD with leverage up to 30:1 and tight spreads of 0.9 pips Low $100 minimum deposit to open a trading account 9 Visit Site FreeBets ReviewsYour capital is at risk. 4 T&Cs Apply Visit Site FreeBets ReviewsYour capital is at risk. 5 Recommended Broker $0T&Cs Apply Trade gold, silver, and platinum directly against major currenciesUp to 1:500 leverage for forex trading24/5 customer service by phone and email 9 Visit Site FreeBets ReviewsYour capital is at risk.
