China Bitcoin Miners ‘Heavily Affected’ After Country’s Coal Standoff

China bitcoin miners ‘heavily affected’ after country’s coal standoff. Reports detail that there have been problems with electrical shortages among Chinese miners. Lylian Teng, financial columnist for 8btc.com, clarified in depth that while miners struggle with mining rigs and component shortages, some parts of China still lack electricity.

Teng’s report details that the reason for the electricity issues is due to the Chinese government’s standoff with the world’s biggest coal countries. Sailors from coal carriers have been stranded for months on end and Teng said “provinces in South China have implemented emergency power rationing measures.” 

Teng explained that “Under such circumstances, power-hungry bitcoin mining activities are the most heavily affected. In addition to the trade frictions between China and Australia, it is said that due to the extremely cold weather in Russia this year, Russia has cut off the electricity transmission to China, and the regions that use Russian electricity are concentrated in south China, which will only exacerbate pressure on the power supply in China.” 

A lion’s share of the top miners in terms of exahash per second, with 18 mining operations devoting processing power to the BTC network, comes from China. With 19.7 percent of the distribution or 25.9EH/s, the F2pool commands the most hashrate. This is followed by Antpool (13.11 EH/s), Viabtc (12.80 EH/s), Binance Pool (16.15 EH/s), and Btc.com (11.89 EH/s).

[image: Theodor Lundqvist]

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