Technology

Even Bitcoin is getting hit by the supply chain crisis

In the ongoing boom in bitcoin, mining companies are scrambling to mint as much of the currency as they possibly can. But their enterprise is being hindered—by covid-19 and China’s crypto crackdown, but also by snarls in the global supply chain. Specifically, the stopped-up channels of global trade and commerce have delayed shipments of “miners,” the PlayStation-sized computers that run day and night to mine bitcoin. This intrusion of the real, physical world into the realm of the virtual has bitcoin mining companies chartering jets to move their miners, training themselves to repair faulty computers, and waiting impatiently for ports to release their imported machines.

Full story : Even Bitcoin is getting hit by the supply chain crisis.

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