As Coronavirus spreads and the epidemic worsens, Bitcoin mining farms in China are getting closed down by the local authorities with the intention of preventing the growth of the epidemic. The operator of BTC.Top, a Chinese Bitcoin Mining pool, Jiang Zhuoer, disclosed on a local microblogging website that the mining facilities of BTC.Top and a number of other ones are getting closed down by the police due to the health crisis in the country.

Jiang Zhuoer stated that a mining facility that he owned that was located in a remote suburb was forcefully shut down by the local police along with other facilities of this kind in the area. He added that he completely understands preventing people from going out, however, he could not grasp what was the meaning of shutting down the mining machines and how it would hinder the spread of the Coronavirus. Despite the fact that the exact location of the facility could not be verified, a number of commenters stated that the facility is located in a province far away from the city of Wuhan, which is the center of the epidemic.

Jiang Zhuoer also added that perhaps they were not the exception and other mining farms have also been shut down due to the outbreak. Yet, he also added that if the authorities continue this pattern many people will die not from the Coronavirus but from poverty. The economy of the country was significantly affected by the outbreak.

Bitcoin mining has been a large part of the Chinese economy, despite the fact that a couple of years ago the government had banned the trading of crypto assets. Around 65 percent of Bitcoin mining takes place in China. Despite the situation in China, the prices of Bitcoin, as well as the hash rate, have tremendously increased.

 

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