What are peoples thoughts on the effect of flooding in China. The three Gorges dam has been failing to hold back the monsoon season and threatening to flood major Chinese mining operations.
What are peoples thoughts on the effect on the price should there be major distribution to the miners?
1.Like some members posted-Chinese miners are usually prepared for the monsoon season and the risk of flooding.
2.Even if many miners have to shut down temporarily,the network will survive,the hashrate and mining difficulty will drop,so all the miners outside the flooded areas and outside China can handle the mining operations.
I don't think that this will have any big impact over the price.Mining is only one of the factors that determine the price of Bitcoin and it's definitely not the biggest factor.