“Tens of thousands of mining devices,” have been completely damaged, according to local blockchain and cryptocurrency information platform Golden Finance, which notes that “70% of the world’s cryptocurrency mining machines are in China, while Sichuan mining machines account for 70% of the country’s total.”
Environmental impact of Bitcoin mining
Golden Finance has detected a relevant drop in the calculation power used by cryptomining farms in Sichuan in the past 10 days. Meanwhile, China’s National Meteorological Centre has said it expects more rainfall in the coming days.
Singapore, Singapore, 19th September 2024, Chainwire
Grand Cayman, Cayman Islands, 12th September 2024, Chainwire
Warsaw, Poland, 20th August 2024, Chainwire
Singapore, Singapore, 20th August 2024, Chainwire
Grand Cayman, Cayman Islands, 26th July 2024, Chainwire
As usual, the crypto market is keeping everyone guessing what could happen next. After an…