Chinaࢀ™s Coal Standoff Causes Power Shortages, Chinese Bitcoin Miners ࢀ˜Heavily Affectedࢀ™

0 Regional reports from China detail that bitcoin miners located in certain areas in South China are running short on electricity. The country has been having massive issues with coal prices soaring across the mainland, as the Chinese government hasnࢀ™t been allowing coal carriers into ports. Because of the sweeping electrical shortages, mining activities have been threatened by emergency power rationing measures. This week, while bitcoin (BTC) prices touched all-time highs and the overall network hashrate has been soaring, reports detail that Chinese miners have had issues with electrical shortages. Financial columnist for 8btc.com, Lylian Teng, detailed that while miners…