The coronavirus, which has been spreading since the end of last year, causes irreparable damage not only to social life but also has a very negative impact on the economy in general and the cryptocurrency sector in particular.
Canaan’s specialists are confident that the cost of ASIC miners, designed for Bitcoin and other altcoins mining, may increase in February-March. This is due to the violation of the operating mode of equipment manufacturers because of the coronavirus risk.
All leading and rich manufacturers have already announced the postponement of delivery dates. Bitmain, Canaan, Innosilicon, and MicroBT are among them. Canaan sales Director CH. Feng is confident that the quarantine will move the shipment dates.
It is not yet clear whether cheap logistics will be provided since a major transport hub in Wuhan is also blocked. The demand for ASICs remains high at the same time.
Founder of a large mining pool BTC.top C. Jouer announced the closure of one farm earlier. The company was located in a remote rural area of Xinjiang. He believed that the farm would be able to function and bring earnings even with a few employees, letting some staff members stay at home but then the police intervened and tightened the quarantine. Returning workers were not allowed to return to their working places. This undoubtedly had a negative impact on both ordinary employees and the level of income of the company, which lost a large amount of the money that it could earn.
Jouer claims that the workers have not left the building since the Chinese New Year, and no one has come to them from Wuhan and other cities. However, the police extended the quarantine for two weeks.
