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China Shutting Down Mining Farms Due to Coronavirus Outbreak

news - China Shutting Down Mining Farms Due to Coronavirus Outbreak

The Chinese authorities are shutting down Bitcoin mining farms to stem the spread of the Coronavirus outbreak. Several mining pools, including BTC.Top, were shut down by the local police, citing the outbreak.

“It is understandable to take a regular… roll call, and strictly prohibit going out, but what’s the benefit of shutting down the mining machine to prevent the epidemic?” Jiang Zhuoer, the operator of  BTC.Top wrote. 

news - China Shutting Down Mining Farms Due to Coronavirus Outbreak

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Despite the shut down of Chinese mining facilities, the hash rate of Bitcoin mining is continuously rising, mainly due to the rising prices of the digital currency. 

The Coronavirus has stalled the economy of China, mainly in the province of Hubei. So far, 638 people died because of the virus, per official data, and almost 31,500 people are contaminated.

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