#libra#Binance
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
Comments

Similar

05/08/19 06:16 UTC-4

The mined cryptocurrency can now be displayed on the Coinbase exchange

​NiceHash cryptocurrency mining service announced the opening of ways to transfer cryptocurrency directly to the Coinbase crypto-exchange. According to the information, now users of cloud mining will be able to exchange the received coins without using a personal wallet.

03/07/19 07:00 UTC-4

Argo Blockchain: mining profitability increased by 24%

​Yesterday, July 2, a mining company from Britain, Argo Blockchain, published a report for the second fiscal quarter of 2019. According to the report, the profitability from the acquisition of cryptocurrency increased by 24% in just one month.