In Sichuan, which is known as the "Bitcoin mining capital" of China due to its high numbers of mining operations, a mining operation was reported to be heavily damaged by the flood disaster. The disaster caused by heavy rains on June 27-28 that happened in several provinces in China, including the Sichuan province. Tens of thousands mining devices were ruined, with what Golden Finance claimed as nearly impossible to fix.
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According to Golden Finance, a major bitcoin mining operation has been damaged, leading to a loss of "tens of thousands" of mining devices which are quite expensive to buy for smaller retailers. And as the site explains, the miners seem nearly impossible to fix. At the same time, in areas such as Sichuan and Aba, which are rich in electricity and electricity, these areas have become a centralized area for cryptocurrency mines. Bitcoin's network alone is set to consume 0.5% of the world's energy by the end of 2018, some reports claim. In the flood, some mines were not spared, and tens of thousands of mining machines were flooded. However, data from the Blockchain.com website shows that the hashrate has, in fact, increased from June 27 to 28, indicating that the floods' effect was not significant enough to influence the entire network.