Crypto experts are worried about the current flooding in China that has already affected several citizens and might soon affect several bitcoin miners, especially those residing in Sichuan province.
The province is situated in the southwest region of the country upstream of the three gorges dam, which might collapse anytime soon due to its structural instability, according to experts.
Reports revealed that thousands of Chinese residents from over 20 provinces had been affected by flooding from the rainy season, and to date, 54 million Chinese residents have been affected, and over 40,000 homes have been destroyed.
About half of the world's bitcoin miners are located in China, and a high concentration of them can be found in the Sichuan province. Despite the dangers of flooding, Report has it that miners in the country change locations to have access to cheap hydropower during the rainy season.
However, the season also has its negative effects as several mining facilities are destroyed during this period.
Source: News.bitcoin
