{"id":55590,"date":"2019-08-22T02:12:41","date_gmt":"2019-08-22T00:12:41","guid":{"rendered":"https:\/\/en.ethereumworldnews.com\/?p=55590"},"modified":"2019-08-22T02:12:44","modified_gmt":"2019-08-22T00:12:44","slug":"bitcoin-hash-rate-high-china-flood-havoc","status":"publish","type":"post","link":"https:\/\/en.ethereumworldnews.com\/bitcoin-hash-rate-high-china-flood-havoc\/","title":{"rendered":"Bitcoin Hash Rate Hits Fresh High as China Floods Wreak Havoc on Mines"},"content":{"rendered":"\n<h2><strong>Crypto Miners Wiped Out in Chinese Flood<\/strong><\/h2>\n\n\n\n<p>While <a href=\"https:\/\/en.ethereumworldnews.com\/category\/news\/bitcoin-news\/\">Bitcoin <\/a>is a digital technology, natural disasters still affect this nascent ecosystem. Poolin, a prominent cryptocurrency mining pool, recently posted an image on Twitter of a flood &#8220;DEVASTATING&#8221; a mining farm in the Sichuan region of China. <\/p>\n\n\n\n<figure class=\"wp-block-embed-twitter wp-block-embed is-type-rich is-provider-twitter\"><div class=\"wp-block-embed__wrapper\">\n<blockquote class=\"twitter-tweet\" data-width=\"550\" data-dnt=\"true\"><p lang=\"en\" dir=\"ltr\">2\/2 clip of personnel digging out miners from the mud: <a href=\"https:\/\/t.co\/QebXEqBjrN\" rel=\"nofollow\">pic.twitter.com\/QebXEqBjrN<\/a><\/p>&mdash; Poolin (@officialpoolin) <a href=\"https:\/\/twitter.com\/officialpoolin\/status\/1164079040866725888?ref_src=twsrc%5Etfw\" rel=\"nofollow noopener\">August 21, 2019<\/a><\/blockquote><script async src=\"https:\/\/platform.twitter.com\/widgets.js\" charset=\"utf-8\"><\/script>\n<\/div><\/figure>\n\n\n\n<p>Red Li, the co-founder of 8BTC and a prominent figure of the Chinese Bitcoin community, echoed this warning, posting the images below and the accompanying message, &#8220;Some mining facilities were wiped out by flood in Sichuan yesterday.&#8221; <\/p>\n\n\n\n<figure class=\"wp-block-embed-twitter wp-block-embed is-type-rich is-provider-twitter\"><div class=\"wp-block-embed__wrapper\">\n<blockquote class=\"twitter-tweet\" data-width=\"550\" data-dnt=\"true\"><p lang=\"en\" dir=\"ltr\">Some mining facilities were wiped out by flood in Sichuan yesterday. <a href=\"https:\/\/t.co\/lZ12tapVga\" rel=\"nofollow\">pic.twitter.com\/lZ12tapVga<\/a><\/p>&mdash; Red Li (@redtheminer) <a href=\"https:\/\/twitter.com\/redtheminer\/status\/1164006953292484608?ref_src=twsrc%5Etfw\" rel=\"nofollow noopener\">August 21, 2019<\/a><\/blockquote><script async src=\"https:\/\/platform.twitter.com\/widgets.js\" charset=\"utf-8\"><\/script>\n<\/div><\/figure>\n\n\n\n<p>According to local government entities, heavy rain resulted in landslides now affecting 17 counties in Sichuan. These landslides have purportedly resulted in a loss of local power and communications, and have unfortunately caused the deaths of a handful of individuals. <\/p>\n\n\n\n<p>A similar occurrence took place last year, when a massive flood in the region resulted in a massive divot in the security of Bitcoin for at least a week. Some fear that the same is taking place this time around. <\/p>\n\n\n\n<h2><strong>But Wait, Bitcoin&#8217;s Hash Rate Hit a Fresh High<\/strong><\/h2>\n\n\n\n<p>Despite all these fears of a flood destroying the security of the leading blockchain network, it appears that the hash rate of the blockchain is mostly unfazed. According to Blockchain.com&#8217;s latest hash rate reading, Bitcoin has, in fact, just set a new all-time high in this category. The analytics service <a href=\"https:\/\/www.blockchain.com\/charts\/hash-rate\" rel=\"nofollow noopener\">recently registered<\/a> that Bitcoin&#8217;s hash rate hit 82 exahashes \u2014 a fresh high. <\/p>\n\n\n\n<figure class=\"wp-block-image\"><img width=\"1024\" height=\"419\" src=\"https:\/\/mk0ewnuslp5v9qmau0q.kinstacdn.com\/wp-content\/uploads\/2019\/08\/hash-rate-1-1024x419.jpeg\" alt=\"\" class=\"wp-image-55595\" srcset=\"https:\/\/en.ethereumworldnews.com\/wp-content\/uploads\/2019\/08\/hash-rate-1-1024x419.jpeg 1024w, https:\/\/en.ethereumworldnews.com\/wp-content\/uploads\/2019\/08\/hash-rate-1-300x123.jpeg 300w, https:\/\/en.ethereumworldnews.com\/wp-content\/uploads\/2019\/08\/hash-rate-1-768x314.jpeg 768w, https:\/\/en.ethereumworldnews.com\/wp-content\/uploads\/2019\/08\/hash-rate-1-1536x629.jpeg 1536w, https:\/\/en.ethereumworldnews.com\/wp-content\/uploads\/2019\/08\/hash-rate-1-750x307.jpeg 750w, https:\/\/en.ethereumworldnews.com\/wp-content\/uploads\/2019\/08\/hash-rate-1-1140x467.jpeg 1140w, https:\/\/en.ethereumworldnews.com\/wp-content\/uploads\/2019\/08\/hash-rate-1.jpeg 1903w\" sizes=\"(max-width: 1024px) 100vw, 1024px\" title=\"\"><\/figure>\n\n\n\n<p>And as Red Li put it, &#8220;It seems that the hashrate is not affected much.&#8221; <\/p>\n\n\n\n<p>It is important to note that this statistic does lag by a day or two, so the full effect of the flood on Bitcoin may appear tomorrow or the day after. But if it doesn&#8217;t, then this would go to show that BTC mining, after years of being centralized in China&#8217;s river region, is finally starting to become an industry outside of the Asian cryptocurrency hub. <\/p>\n\n\n\n<p>On that, we will need to wait and see. <\/p>\n\n\n\n<pre class=\"wp-block-preformatted\">Photo by\u00a0<a href=\"https:\/\/unsplash.com\/@jonfordphotos?utm_source=unsplash&amp;utm_medium=referral&amp;utm_content=creditCopyText\" rel=\"nofollow noopener\">jonathan Ford<\/a>\u00a0on\u00a0<a href=\"https:\/\/unsplash.com\/search\/photos\/flood?utm_source=unsplash&amp;utm_medium=referral&amp;utm_content=creditCopyText\" rel=\"nofollow noopener\">Unsplash<\/a><\/pre>\n","protected":false},"excerpt":{"rendered":"<p>Crypto Miners Wiped Out in Chinese Flood While Bitcoin is a digital technology, natural disasters still affect this nascent ecosystem. Poolin, a prominent cryptocurrency mining pool, recently posted an image on Twitter of a flood &#8220;DEVASTATING&#8221; a mining farm in the Sichuan region of China. Red Li, the co-founder of 8BTC and a prominent figure of the Chinese Bitcoin community, echoed this warning, posting the images below and the accompanying message, &#8220;Some mining facilities were wiped out by flood in [&hellip;]<\/p>\n","protected":false},"author":32,"featured_media":55593,"comment_status":"open","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":[],"categories":[800,1100],"tags":[1279,6971,126],"_links":{"self":[{"href":"https:\/\/en.ethereumworldnews.com\/wp-json\/wp\/v2\/posts\/55590"}],"collection":[{"href":"https:\/\/en.ethereumworldnews.com\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/en.ethereumworldnews.com\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/en.ethereumworldnews.com\/wp-json\/wp\/v2\/users\/32"}],"replies":[{"embeddable":true,"href":"https:\/\/en.ethereumworldnews.com\/wp-json\/wp\/v2\/comments?post=55590"}],"version-history":[{"count":0,"href":"https:\/\/en.ethereumworldnews.com\/wp-json\/wp\/v2\/posts\/55590\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/en.ethereumworldnews.com\/wp-json\/wp\/v2\/media\/55593"}],"wp:attachment":[{"href":"https:\/\/en.ethereumworldnews.com\/wp-json\/wp\/v2\/media?parent=55590"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/en.ethereumworldnews.com\/wp-json\/wp\/v2\/categories?post=55590"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/en.ethereumworldnews.com\/wp-json\/wp\/v2\/tags?post=55590"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}