Bitcoin’s Hashrate Falls Amid Massive Floods in China

china floods

China is experiencing the worst flooding in decades with reports close to 2 million have been evacuated and some 25 million people have been affected so far. The situation appears to be worsening with more than 8,000 people evacuated after a landslide blocked a river and created a barrier lake that threatened to submerge the city of Enshi and neighbouring villages in central Hubei according to Chinese state media. Worries are increasing in regards to the Three Gorges Dam, the biggest in China which may over-flood, something that could affect the city of Wuhan where millions of people live. In addition it appears the floods may now reach Sichuan, a well known bitcoin mining center. “From Wednesday to Thursday morning, heavy rains and rainstorms are expected in parts of Shandong, Henan, Jiangsu, Anhui, Shaanxi, Chongqing, Sichuan, Yunnan and Tibet, the National Meteorological Center said,” according to CGTN, China’s state media.…

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