Devastating Floods in China Raise Questions About Bitcoin Mining Too

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With cities under water, billions in damages already reported, and the amount of flooding that China hasn’t seen in years putting an increasing pressure on the world’s largest hydropower station, there is reasonable concern that mining facilities are in danger as well – in the country that hosts the majority of the world’s Bitcoin (BTC) hashrate, or the computational power.

Because of the monsoon season and torrential rains, and the country facing “the worst flood since 1998,” accompanied with landslides, according to Forbes Senior Contributor Kenneth Rapoza, many dams are suffering major stress – and these are at the higher elevation than the world’s largest hydroelectric power station, the Three Gorges Dam, meaning more water for the giant.

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Learn more:
Watch How Bitcoin Miners in Sichuan Were Flooded in 2019
Rain, Government, and BTC Bulls to Help Chinese Miners After Bitcoin Halving
Are Chinese Bitcoin Mining Farms Moving to North America and Why?

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