Heavy rains that began in China’s Sichuan province in early August have caused power outages. Because of this, some mining farms cannot fully function.
Floods in the Chinese province of Sichuan led to a drop in the hash rate of the leading mining pools by 10-20%. Heavy rains started last week and intensified on 16 August. This has led to problems with the supply of electricity in parts of the region, as hydroelectric power plants are temporarily suspended to help eliminate floods.
According to Kevin Pan, the CEO of the Poolin mining pool, there are problems with communication and the Internet in some places. This forces the miners to disconnect from the network. It is currently unknown when the situation will improve as the rains continue.
The four largest mining pools: Poolin, F2Pool, BTC.com, and Antpool, which are located in China, have lost up to 20% of the hash rate over the past 24 hours, according to BTC.com. The share of the computing power of these pools in the total volume is estimated at about 50%.
Pan added that some miners prepared in advance for the cataclysm by suspending activities and taking out employees. The Xinhua News Agency reports that rainfall in the worst-hit cities in the province in 5 days exceeded the monthly average of all previous years. Also, due to landslides, the route was blocked in the mountainous region, where many mining farms are located.
