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2020-02-07 05:50:10

Crypto mining in China takes a hit following Coronavirus outbreak

Crypto mining operations in China are finally feeling the heat from the much-dreaded Coronavirus outbreak as authorities continue to struggle to put a brake on the rapidly growing infections. The prospect of this deadly virus becoming a global pandemic is daunting. With eighty percent of the Chinese workforce forced to remain indoors, businesses are taking a severe hit with markets witnessing around eight percent (8.2%) plunge in the index, the biggest decline in five years. In spite of a panic-stricken economy, it was reported last week that Bitcoin mining farms are operating as usual as the locations of these crypto