Corona virus seriously affects Bitcoin mining activities in China

Due to the outbreak of the Corona Virus, also known as Wuhan pneumonia in China, the government had to carry out a series of tests to control the situation. Enterprises across the country are affected. Under the current situation, Chinese people in many places cannot even leave their homes.

In particular, a cryptocurrency mining farm is being forced to close during the outbreak. Follow posts on Weibo on February 4 by Jiang Zhuoer, CEO of BTC.top, all the miners had to shut down on some mining farms he owned in a remote area in China.

According to Zhuoer's article, the company was warned by the authorities that it was not authorized to operate at this time. He revealed that the staff at the mining farm had never stopped working and that none of the maintenance staff left the area before the time of government control.

Bitcoin mining equipment companies in China are delaying after-sales services

Cheap electricity and resources in provincial regions such as Xinjiang, Inner Mongolia, Yunnan and Sichuan have contributed to China's leading position on the global Bitcoin mining company map.

Bitmain and Canaan Creative are the key mining chip manufacturers in China, with Bitmain producing 66% of the cryptocurrency mining hardware worldwide.

However, due to the prevalence of the Wuhan Spectroscopic Virus, companies like Bitmain, Canaan and MicroBT were forced to postpone their after-sales services until Feb. 10.

Bitcoin halving is only over 100 days away. Some cryptocurrency commentators believe that this event could trigger strong Bitcoin price action. The corona virus outbreak time coincided with the Bitcoin halving event. Mining companies are worried that these two factors will have a stronger impact on the maintenance of mining equipment and the provision of new mining equipment.

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According to CoinTelegraph
Translated by ToiYeuBitcoin

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