The coronavirus pandemic altered the delivery schedule for Asian manufacturers such as Bitmain, MicroBT, and Innosilicon.
China, the country that registered the first Covid-19 outbreak, is home to the main companies that manufacture crypto mining equipment. Due to the pandemic, manufacturers of the special equipment to mine Bitcoin and other cryptocurrencies will be unable to meet their April and May delivery dates.
Jan Capek, who is CEO and Co-Founder of Braiins Systems, gave this information. Braiins Systems is the company behind the Stratum V2 protocol for BTC mining pools. The Information Technology (IT) consultant commented that clearance delays could affect mining pools. This occurs within a few weeks for the bitcoin halving, in May. Miners are taking precautions before purchasing new equipment.
The web developer commented that these delays could affect mining pools. This occurs a few weeks before the bitcoin halving, an event that would occur in May. During the halving, the number of bitcoins entering the system will suddenly decrease, but the demand for these digital assets, in theory, will remain the same. In this way, the price of the cryptocurrency may rise.
Miners are taking precautions before purchasing new equipment. These delays can lead to fewer users being able to participate in halving, due to the lack of more mining machines to operate with.
An Unexpected Change
Some media refer that the coronavirus pandemic altered the delivery schedule for Asian manufacturers such as Bitmain, MicroBT, and Innosilicon. Capek explained how these delays could affect the crypto community.
“There are many mining operations with equipment that are supposed to arrive in April and May, but all these circumstances will slow down manufacturing. Indeed, manufacturers will not meet their delivery dates, which is a much more interesting fact for halving”, he said.
Now, the CEO is waiting to know what will happen after the halving, when the number of bitcoin decreases. Several miners expected to receive their equipment in early spring, between late March and early April.
“The coronavirus situation is like an excuse since there is not much to do because things are going to be delayed anyway, which is annoying, but everyone in the world is in the same situation. Once the economy recovers and manufacturers start again, then all the people who placed their orders will see their shipments”, Capek added.
In that sense, Capek wondered who will be the first one to receive the crypto machines. This is information that is not exactly known so far.
Some of the companies which reported that there would be a delay in the delivery of these machines, at the end of January, were Bitmain, MicroBT, and Innosilicon. This occurred because the Chinese government had extended the festivities for the Chinese New Year.
Delays continued, but now it is due to the situation with the Covid-19. The current scenario is more complicated than at the beginning since the situation of the pandemic has become complicated. Some countries continue to extend the quarantine time to prevent new infections. Besides, there are already more than 154,000 deaths and more than 2.2 million people infected with Covid-19.
The crypto community is alert to this situation and is waiting for halving. Meanwhile, blockchain technology has become a platform to help record Covid-19 cases and work on the development of new solutions to beat the disease.
By María Rodríguez