source:
link
Recently floods in (sichaun) the province of china reported that it will majorly affect the mining of cryptocurrency in the area and its suburbs
China New Service (cns) reported that four provinces of china including Siachun experienced heavy rain on 27th and 28th of july.
These flood heavily affected the mining of crypto in siachun.The has loss about " ten thousand" of mining machines and reasearch says that it is almost impossible to repair to these machines.
A major share in the mining of Bit Coin takes place in China(sichaun).According to resarch about 70% of mining takes place here.The province Sichaun is also called as "Bitcoin Mining Capital" due to its high concertration of mining in it.
https://www.jinse.com/bitcoin/207607.html
Several new outlet including Golden fiance
Have associated the floods in Siachaun with a drop in Bit coin network's hashrate and it will majorly affect all cryptocurrencies all over world
However data from Blochain website shows that in June 27 and 28 including that floods will not affect much on hashrate
https://www.blockchain.com/en/explorer
if you agree with my this news reply me in comments
Blog by @umarmughal
china will be china
haha ri8
Good job bro
i know bro
Ah! More negative news :( when will something positive happen.. haha
this news is not metter market go to the moon sonn
So we can anticipate more downfall in bitcoin price
but near to go moon btc
Nice information..good keep growing
thnkx
But nothing effected the price
right bro
I gave you an upvote on your post! Please give me a follow and I will give you a follow in return and possible future votes!
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china is always opposite of crypto
Nice blog
I can not say whether this issue will affect the cryptocurrency market But it is a sad thing for miners
I certainly agree with you
https://steemit.com/mgsc/@mdabulhasan/do-you-know-why-the-bird-does-not-die-if-the-electricity-cables-die
Even there natural disasters also did not supports cryptocurrency
but why??
he will make it again in short period of time
yah right bro
Good working in steemit.
That's another bad news for Bitcoin price beacause China is the leading country in field of cryptocurrency
yah but no problm no effect on btc
kya kare is china valo ka
haha bund phar do haha
What about btc future
bull run is comming this news no effect on btc
Great research...
China adopted new blockchain technology
That's the reason behind the market doen