floods in china damage the mining operatin of crypto currency

source:
link

https://cointelegraph.com/news/local-media-floods-in-china-heavily-damage-major-crypto-mining-operation

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

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