How do the rains affect Bitcoin?

The Asian giant is the country with the highest processing power in the BTC network, with about 65% of the extract or hash rate.

But how will the new rainy season affect Bitcoin mining? Precipitation is expected to increase from the end of May and only decrease in September or October.

At the moment, Most of the mining deposits are moving to areas where the cost of energy is lower due to their abundant hydroelectric production. The rates offered by Sichuan Province during these months, for example, are among the cheapest in the world.

This “Great migration of minors” It has already started, so the collective computing power of the network will be temporarily affected, as miners hire trucks to transport their equipment and, over such a vast area, it takes a few days to arrive and set up.

Meanwhile, a percentage of miners go offline when they travel to the most profitable regions and the hash rate drops.

Over the past two days, hashrate from major mining pools has shown dramatic drops: Ant pool by 17.8%, Binance Pool a 14.5%, Huobi Pool 23.7% and the rest of conventional mining pools fell between 6% and 8%.

A collapse in network processing power has consequences for the market, as delays in extracting blocks negatively affect cryptocurrency trading.

Sometimes lthe rains are so heavy that they cause landslides and floods, which permanently affects thousands of minors. But most already know the best domains to avoid taking risks, so the hash rate should kick in again in a few days.