China Crypto Miners Wiped Out By Flood ... - Zero Hedge

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Watch Bitcoin-Mining Mega-Farm Burn To Ground In China On Monday, a video surfaced on social media which shows mining company Innosilicon's monstrous data facility burning… As your browser does not support javascript you won't be able to use all the features of the website. "In China, bitcoin mining moguls are scrambling to survive" From Wired, April 15: Cryptocurrency miners have been making millions in digital currency from China's excess energy. Now, a government crackdown could end the gold rush r Gao tells me, “Just because something is not illegal in China, doesn’t make it legal.” He takes a slight pause, a short breath, before leaning emphasis on the ... Massive Bitcoin mining farm in China goes up in flames… a foreshadow of things to come? 10/14/2019 / By Ethan Huff There’s more trouble in cryptocurrency land after a “monstrous data facility” that mined Bitcoin in China reportedly burned to the ground recently, supposedly due to “faulty wiring and bad PSUs.” Bitcoin mining data from Aug. 19 to 21 [period of the flooding] showed a slight move down in the hash rate but nothing that warranted a red flag. It appears the hash rate of the blockchain was unfazed with a bunch of miners getting wiped out in China. One could say the network was resilient. Late last year, we reported how the hash rate plunged -35% from Oct. to Dec. Now the hash rate is ... Watch Bitcoin-Mining Mega-Farm Burn To Ground In China On Monday, a video surfaced on social media which shows mining company Innosilicon’s monstrous data facility burning to the ground in China. Details remain limited, but several social media users have said the total worth of equipment destroyed in the fire is upwards of $10 million, reported Cointelegrap h.

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