wet season

Chinese regulators in Inner Mongolia have issued a notice calling for a stop to bitcoin mining operations in the region.

Rampant flooding in China’s Sichuan province has had a catastrophic effect on some of the world’s leading bitcoin mining operations.

As bitcoin’s price outpaces the cost of mining in China, it can be difficult to procure a bitcoin miner.

The wet season in Sichuan can drop electricity costs, and therefore bitcoin mining costs, dramatically. But according to insiders, there is currently more supply than demand in the mining market.