Due to the flood disaster in Sichuan, the computing power of mining pools such as F2Pool and Biyin dropped by more than 15%

According to BlockBeats, on August 18, according to data from the OKLink website, the computing power of the entire network has dropped by nearly 3% in the past 24 hours (due to data latency, the actual decline may be greater than 3%), and the computing power of the entire network was 127.51EH/s at press time. The computing power of the top ten mining pools has almost all declined abnormally, and only the previously mysterious Lubian mining pool has seen a 75% increase in computing power in 24 hours.

Among them, the 24-hour computing power of Biyin Mining Pool decreased by 14.26%; the computing power of F2Pool dropped sharply by 21.30%; in the past 24 hours, the computing power of BTC.com and Antpool dropped by 8.38% and 18.52% respectively. The main reason for the large-scale sudden drop in computing power is the flood disaster in Sichuan, which caused the local power grid to be interrupted.

According to CCTV News on August 18, starting at 8 pm on August 15, Mianzhu City, Deyang, Sichuan, experienced heavy to torrential rains, and the flow of rivers in the city rose rapidly. The rainfall gradually increased in the early morning of the 16th, and dangerous situations occurred from time to time. On August 17, Sichuan launched a Level II flood emergency response, which was the first time Sichuan Province launched a Level II flood emergency response this year. In the early morning of August 17, the flood flow in the Suining section of the Fu River reached 21,000 cubic meters per second, exceeding the guaranteed flow by 2,800 cubic meters per second, which was a major flood that occurred once every 30 years.

Some miners told Ludong that due to the fierceness of the flood and the critical situation, some mines have arranged for local staff to evacuate. According to PANews, the Lubian mining pool is located in Iran, so the Sichuan flood did not affect the operation of the mining pool.

When asked whether flood disasters affect the normal operation of mining farms and whether they will cause large miners to sell Bitcoin to maintain mining farm operations, miners told LIDONG that when the current price of coins is high, most miners will adopt hedging (hedging for short). That is to say, they will sell the coins corresponding to the production capacity of the next 1-6 months at a high price in advance, and they can also obtain stable income when the price of coins drops sharply. Therefore, it should not cause miners to sell Bitcoin on a large scale.