Bitcoin network hashrate appeared to dip June 27, coinciding with reports floods in China had inundated and destroyed “tens of thousands” of miners.  Machines ‘Beyond Repair’ According to local Chinese media reports, the floods occurred principally in the country’s western Sichuan province, an area which accounts for around 70% of China’s mining output. Despite claims … Continue reading Bitcoin Hashrate Drops as China Floods Knock Out ‘Tens Of Thousands’ of Miners