Jump to content

Coronavirus Outbreak Forces Chinese Crypto ASIC Manufacturers to Delay Orders


Recommended Posts

Coronavirus Outbreak Forces Chinese Mining Rig Manufacturers to Delay Orders

Bitcoin mining rig deliveries from China are delayed due to the coronavirus according to a few Chinese manufacturers. Microbt and Ebang sent notices to customers via the firm’s Wechat channels. Sources say Bitmain and Innosilicon are delaying mining device shipments as well.

Also read: How to Obscure Bitcoin Cash Transaction Data by Leveraging Cashfusion

Microbt and a Few Chinese ASIC Manufacturers Delay Mining Rig Shipments Because of the Coronavirus Outbreak

During the last few weeks, the whole world has been watching the 2019–20 coronavirus outbreak (nCoV) that started in Wuhan China. The coronavirus is commonly found in a few animals like certain birds, but when the virus affects humans it can cause severe respiratory infections and flu-like symptoms. On January 29, the Chinese mining rig manufacturer Microbt, the creators of the Whatsminer series, announced they are delaying shipments internationally because of the virus. The company cited guidelines issued by the Guangdong provincial government and stated that the delay will last until February 9. A rough translation of Microbt’s notice states:

“The production, delivery, after-sales service, and the sending and receiving of documents and other arrangements will be delayed as a result.”

Coronavirus Outbreak Forces Chinese Crypto ASIC Manufacturers to Delay OrdersMicrobt, the creators of the mining rig series called Whatminer, has delayed shipments until February 9, 2020.

Ebang Delays Mining Rig Shipments

In addition to Microbt’s coronavirus delay notice, the 3Logic executive Artem Eremin disclosed that Innosilicon and Bitmain would be delaying mining rig shipments as well. Following Microbt’s announcement, Ebang issued a delay notice as well using the company’s Wechat channel. Ebang’s shipment delays won’t be lifted until February 9-10 according to the translated announcement. Ebang’s notice has a few pictures of doctors, needles, and medical symbols as well.

Coronavirus Outbreak Forces Chinese Crypto ASIC Manufacturers to Delay OrdersThe Chinese mining manufacturer Ebang’s notice.

At the moment, there are no antiviral drugs or vaccines that can combat the coronavirus. Additionally, the entire Chinese city of Wuhan (population 11 million) has been quarantined and there are other smaller regions in China that are quarantined as well. A number of crypto market observers believe that cryptocurrencies and safe-haven assets like gold will benefit from the coronavirus scare. Gold has spiked considerably since the outbreak in Wuhan and the cryptocurrency market valuation is up more than 30% year-to-date. However, mining rig shipment delays could affect the overall SHA256 hashrate (BTC, BCH, BSV) and possibly delay it from rising further over the next month.

Coronavirus Outbreak Forces Chinese Crypto ASIC Manufacturers to Delay OrdersSome speculators believe the delays may affect the overall SHA256 hashrate. At the time of publication, as far as hashrate is concerned BTC has 112 exahash per second (EH/s), BCH has roughly 4 EH/s, and BSV has about 3 EH/s.

Microbt, Bitmain, Ebang, and Innosilicon have all announced next-generation miners but most of the deliveries were already scheduled for mid-February. The current delay may not affect the market negatively if this is the case, but it’s quite possible the Guangdong provincial committee and other Chinese government entities will decide to extend the delay if the coronavirus outbreak continues to spread.

What do you think about mining rig manufacturers delaying shipments because of the coronavirus outbreak in Wuhan China? Let us know what you think about this subject in the comments section below.

Image credits: Shutterstock, Fair Use, Wiki Commons, Twitter, and Pixabay.

Do you want to maximize your Bitcoin Mining potential? Plug your own hardware into the world’s most profitable Bitcoin mining pool or get started without having to own hardware through one of our competitive Bitcoin cloud mining contracts.

The post Coronavirus Outbreak Forces Chinese Crypto ASIC Manufacturers to Delay Orders appeared first on Bitcoin News.

View the full article

Link to comment
Share on other sites

Join the conversation

You can post now and register later. If you have an account, sign in now to post with your account.

Reply to this topic...

×   Pasted as rich text.   Paste as plain text instead

  Only 75 emoji are allowed.

×   Your link has been automatically embedded.   Display as a link instead

×   Your previous content has been restored.   Clear editor

×   You cannot paste images directly. Upload or insert images from URL.

  • Create New...