Extreme weather conditions have claimed a new victim — cryptocurrency miners.
A combination of floods in Sichuan and heatwaves in Europe last week briefly dented the global “hashrate”, which measures crypto mining capacity — and offered a glimpse of what might happen if China succeeds in wiping out its bitcoin mining industry.
The storms, which made hundreds of thousands of people homeless and flooded thousands of hectares of crops, also engulfed mining farms in the region, leaving owners trying to salvage what kit they could, according to photos circulating on social media and cryptocurrency websites.
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