Follow Us

Header Ad

Latest Posts

Categories

Hashrate of Leading Mining Pools Drops After Mining Accidents in China


The hashrate of the leading Bitcoin mining pools has plummeted amid problems with electricity supplies following explosions and floods in coal mines in several provinces in China. Reported by journalist Colin Wu.

According to Xinhua News Agency, the first incident occurred at the end of March: methane exploded in a coal mine in Shanxi province. On April 9, a gas release occurred during coal mining in Guizhou, on April 10, a mine flooded in the Xinjiang Autonomous Region.

Primitive Ventures Managing Partner Dovi Wan reported a nearly 30% drop in hashrate as a result of power outages due to security due diligence.

According to BTC.com, over the past 24 hours, Antpool’s hash rate fell by 22.53%, F2Pool – by 10.51%, BTC.com – by 20.80%, Poolin – by 35.12%. For Binance Pool and OKEx Pool, this figure was 21.94% and 25.95%.

Data: BTC.com.

On April 15, a recalculation of the difficulty of bitcoin mining took place – the indicator increased by 1.92% – to 23.58 T.

In August 2020, heavy downpours in the Chinese province of Sichuan led to a decrease in the hash rate of the leading mining pools. Companies had to shut down equipment and evacuate employees.

Recall that in April 2021, the total amount of computing power in the network of the first cryptocurrency reached a record high of 179.4 EH / s.

Subscribe to ForkLog news on Telegram: ForkLog Feed – the entire news feed, ForkLog – the most important news, infographics and opinions.

Found a mistake in the text? Select it and press CTRL + ENTER



Fidenge Pecold

My profession is a journalist, but my hobby for 8 years has been studying Forex investing and trading. During this time, I managed to gain extensive experience in investing and trading cryptocurrencies and double my capital in the Forex market. To be the author of this magazine, the site owners invited me to participate in one of the 2020 trading webinars, and I will try to reveal the most relevant crypto market news for you.

    Leave Your Comment

    Your email address will not be published.*

    Forgot Password