Miners of the so-called world capital of bitcoin mining, the Chinese province of Sichuan, are again experiencing difficulties in the smooth operation of mining cryptocurrencies. Now the main reason for the untimely supply of electricity to farms is flooding caused by incessant rains. According to the head of the PoolIn pool, Kevin Pan, Internet failures are also recorded in some counties.
According to statistics from BTC.com, the hash rates of the largest mining pools for the production of the first cryptocurrency (PoolIn, F2Pool, BTC.com and Antpool), located in China, decreased by 10-20% in just one day.
It is worth noting that it is not yet clear when it will be possible to fully restore work, since it rains every day, and some companies were even forced to evacuate personnel and turn off equipment.
The stablecoin market is quietly evolving, as a new report indicates that Circle’s USDC leads…
Cardano (ADA) could be gearing up for an explosive comeback as a potentially bullish cup-and-handle…
New Bitcoin whales now control one-third (33%) of the BTC realized market capitalization held by…
Bloomberg commodity strategist Mike McGlone reiterated his prediction that Bitcoin (BTC) could fall to $10,000, calling the…
France has emerged as a major hotspot for violent crypto-related crime, with authorities recording 90…
Stellar (XLM) may be gearing up for a major rally, as its post-breakout price structure…