Chinese miners begin to stop mining due to outbreak of coronavirus

Survivors trapped in Chinese gold mine receive food and blankets, as one worker’s death confirmed

Chinese miners begin to stop mining due to outbreak of coronavirus

Due to the introduction of quarantine in China, local businesses are experiencing difficulties due to partial restrictions on the movement of citizens.

Since the authorities are trying to keep the situation under control, in some regions people simply cannot easily get to their place of work. Chinese miners and ASIC manufacturers are no exception.

Mining CEO  BTC.top Jiang Zhuyo recently reported that the company was forced to suspend the activities of one of its farms in a remote area and shut down all ASICs there, as authorities forbid staff from returning to work until the quarantine ended..

Chinese miners begin to stop mining due to outbreak of coronavirus

PandaMiner COO Abe Yan spoke about a similar issue. His company still continues to mine, as more than half of the employees decided not to go home for the New Year holidays, but the shortage of manpower affects the efficiency of the farm and worsens the quality of service for ASICs..

Earlier, Bitmain, Canaan and MicroBT officially announced delivery delays ASIK until February 10.

Since about 2/3 of the total the computing power of the bitcoin network is located in China, the community fears that interruptions in the work of local companies may sink the hash rate and destabilize the market situation in anticipation of the halving.

text: Ivan Malichenko, photo: itcrumbs