Excessive Flooding in Sichuan Causes 20% Hashrate Losses for Chinese Bitcoin Miners

Torrential downpours of nonstop rain have been wreaking havoc in China’s Sichuan province, which has caused some operations to shut down ASIC mining devices. Reports from the region show that certain areas have seen electrical shortages and the aftermath is causing quite a bit of stress for Chinese bitcoin miners.

Not too long ago, news.Bitcoin.com reported on the rain issues in Asia, as a myriad of countries have been dealing with the crazy 2020 monsoon season. Our newsdesk also reported on the alleged problems with the beleaguered Three Gorges Dam. During the last week, China has seen some of the worst flooding in over 70 years.

Now the prolonged rain has caused flooding and landslides in 17 counties surrounding China’s Sichuan province. Sichuan is dealing with serious flooding because it sits on the upper reaches of the Yangtze River.

Excessive Flooding in Sichuan Causes 20% Hashrate Losses for Chinese Bitcoin Miners
China’s Sichuan province has seen the worst flooding in over 70 years.

China is home to a great number of the world’s bitcoin miners (50%) and Sichuan commands the densest region of bitcoin mining facilities in the country.

The rainfall and electrical shortages have been terrible for bitcoin miners causing a number of operations to temporarily halt mining.

Excessive Flooding in
Two videos shared by the mining operation Poolin last year on August 21, 2019. Regional reports indicate 2020’s flooding is far worse than last year’s mudslides and excessive water levels.

The Chinese mining operation, Poolin, which commands the largest percentage of BTC hashrate today, shared videos of similar floods and mudslide devastation last year.

“A local mining farm based in Sichuan, China was devastated by the recent heavy rainfall in the region,” Poolin tweeted sharing a video of the situation in August 2019. The mining pool shared another recording of a Chinese worker trying to salvage bitcoin mining rigs from the mud. “Clip of personnel digging out miners from the mud,” Poolin said during the floods last August.

On Tuesday, Poolin again shared another…

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