Unconfirmed rumor: in China, a bitcoin mining farm to be destroyed by a fire. As the stories went on, the fire raged with Innosilicon, one of the world’s largest manufacturers of ASIC bitcoin miners. It is rumored, however, denies this.
A variety of media to report the news.
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Bitcoin mining farm
Bitcoin mining has become a specialist, Marshall Long, and brought the news to Twitter-and he claims that the video is real. The cause of the fire is unknown. In his tweet, he stated that the Innosilicon would have to go.
The generally well established writer Airlines the Wan suspected that the damage was in the millions and millions of dollars to run. That does not include the damage to the building, and the theoretical yield of mined bitcoin (BTC).
All you have to do, and the hashrate of the bitcoin network, which has fallen in the last 24 hours.
As @OGBTC already broke it, here is the real footage of a local mega-farm, caught on fire,…
Which claims a lost of $10M worth of mining machinery pic.twitter.com/bMihmIwTNO
— Airlines And Wan ? ? (@DoveyWan) To September 30, 2019
Innosilicon
Remarkably, there was Innosilicon yesterday (two days after the fire, a statement posted on twitter. They were pretty quick with the brand associated with it. but in reality they are nothing to do with the brand.
The company that was the victim of a fire in this miningloods, it is not well known.
In the last couple of days,a rumor has been circulating about a fire in the alleged Innosilicon farm, causing ten million dollars in miner’s equipment and loss of use. We can say with 100% certainty that the fire was not related to the Innosilicon, and there has been ZERO Innosilicon property or equipment, loss of use.
— Innosilicon Miner (@Inno_Miner) On October 2, 2019
Rainy season
Related news: in the province of Sichuan, in the northwest part of China, there is now a rainy season.
In August, at least one mining farm in this region has been buried under a mudslide. The mining pool, Poolin’ this message on her twitter account.
A local mining farm is based in Sichuan, China was DEVASTATED by the recent heavy rainfall in the region, the video attached to 1/2 pic.twitter.com/CvdEAUeq3x
— Poolin (@officialpoolin) August 21, 2019
A recent fire or the rainy season, so may just make up for the problems in the bitcoin mining business. There are, however, other events in the shade: the bitcoin halving. This is the reward per block is less and less, which results in a lower fee for the miners.
This makes it possible for the older miners to a breakeven point and they will lose are going to run. These miners, costs more in energy than the BAC result. In an interview with the Poolin.com we were talking about this incident: “Part of the Bitcoin mining equipment will be used by halving the value of losing’
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