Post by
StokkerPro on Jul 20, 2018 4:59pm
China’s Small-Time Bitcoin Miners Exposed by Flooding In Sic
– The largest concentration of small-scale Bitcoin (BTC-USD) miners in the world has been exposed following the floods which recently swept across the Sichuan province in China. A report focusing on the floods revealed an interesting story of how the residents of the said Chinese region exhibit perseverance even in times of trouble and discomfort. A significant portion of the hash rate on the Bitcoin network has since been lost, following the floods. This occurred since a lot of mining equipment that was stored in various makeshift farms in the area was destroyed. China hosts 70% of the hash rate. The report disclosed that mining rigs totaling over 5 million are hosted in the Sichuan province. There have been claims that approximately 70% of the hash rate on Bitcoin’s network comes from China. And 70% of that is located in the mountainous region of Sichuan. Read more: https://marketexclusive.com/chinas-small-time-bitcoin-miners-exposed-by-flooding-in-sichuan-province/2018/07/