01/10/19 09:20 UTC-4

In China, a mining farm burned down, losses amounted to $10 million

A large miningMining
– is a type of activity for creating new blocks in the Blockchain to ensure proper system operation. Details
farm burned down in China on September 30, and burned-out equipment incurred losses of $10 million.


Fire at a mining farm

The story was posted on Twitter to one of the first active BTC miners, Marshall Long (@OGBTC), with a photo of the fire.

As it became known, the giant mining center is owned by Innosilicon.

Interesting in the section: World Mining: overview of the Cloud-Mining Service

Dovey Wan (@DoveyWan), founding partner of Primitive Ventures, a crypto-asset company, also tweeted a video of the fire, adding that the total cost of the burned equipment is about $10 million.  


See also: "Uzbek miners face a triple electricity prices rise"

#mining #cryptocurrency #fire

Editor: Yuliya Soroka


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