Chinese mining farms were not affected by coronavirus

Approximately 70% of all Bitcoin mining capacity is located in regions of China where the majority of the populationprefers not to leave home amid the coronavirus epidemic.

However, mining farms continue to work in the usual mode, as reported by the representative of the cloud service for cryptocurrency mining Hash in the Box.

Last month, the media reportedaccording to which the largest mining farms are located in the provinces of Yunnan, Xinjiang, Inner Mongolia and Sichuan. As of today, only in Inner Mongolia there are no confirmed cases of coronavirus. In other regions, the virus has already shown itself. For example, in Sichuan 80 people fell ill.

Most cases of the disease have been reported in urban areas, while farms are located outside.

“In Sichuan, farms are located far in the mountains, where they are very safe,— notes one of the miners, who introduced himself as Mike. — All 80 cases of the disease were recorded in cities.”

The bitcoin hash confirms this information and fluctuates within its usual limits, and has recently returned to an absolute maximum.

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“Cryptocurrency mining equipment is locatednear Xinjiang and Inner Mongolia, &#8212; said one of the miners. &#8212; The outbreak of the disease is located in Wuhan, Hubei Province. Farms are generally not located near cities because there is a surplus of cheap electricity in remote areas.”

It’s hard to say what will happen ifthe virus will get to the above regions. In any case, even if the Chinese miners are forced to turn off the equipment, the Bitcoin complexity adjustment algorithm adapts the requirements for the remaining computing power. Of course, the overall level of network security will become significantly lower, which may affect the course, but this effect will be short-term.

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