In other words, the devastation that this flooding has unleashed upon a major bitcoin mining location may not have much of a permanent impact on the overall supply chain.
Even as the threat of increasing floods grows due to climate change, miners in China have been looking to diversify the centers of their mining operations, setting up shop in other countries such as Iran to take advantage of other sources of cheap energy. Renewable energy solutions such as these will be critical to the development of a sustainable future for Bitcoin as an economic project, especially if environmental instability such as this is able to disrupt the production of renewable energy itself.
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By Ipek Duman. As result, impacted bitcoin mining farms in the region are forced to unplug from the network for the time being. Data from BTC. Pan said in a Weibo post Tuesday China time that in addition to mining farms being forced to unplug due to electricity and internet disruptions, some have also proactively paused operations ahead of time and evacuated their on-site staff for safety precautions.
According to the Xinhua News Agency , the accumulated rain volume in a dozen most-impacted cities in Sichuan between Aug. Such energy excess leads to cheap electricity prices that have been attractive to bitcoin miners. But over the years, the unpredictable weather also caused floods and mudslides, which resulted in bitcoin mining farms halting operations temporarily or even being completely destroyed.
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