December 2, 2022

In China, a giant mining farm burned down. What is the hash rate?

A video of a fire on Twitter at a mining bitcoin farm is walking on Twitter. According to preliminary data, losses from the fire reach 10 million dollars.

Dovi Wan (@DoveyWan) reports a fire at a large Bitcoin farm. Details of the incident continue to flow.

Fire destroyed $ 10 million worth of equipment

While there is no complete certainty that the facility is located in China, however, losses from burned-out mining equipment are estimated at $ 10 million.

Rumor has it that the fire may be related tostrange anomalies in the Bitcoin blockchain. A user under the nickname Wiz (@wiz) reports that the fire coincided with a two-hour break in the appearance of blocks in the bitcoin network. “It's probably just an accident,” he writes, but the coincidence is truly strange.

In particular, block 597,273 was mined 119 minutes after the previous one. According to Anthony le Calvez (@khannib), in the history of bitcoin, this has been only ten times. Last time - in 2014.

The full picture of what happened is not known. Perhaps the situation will become clearer when details from the scene begin to come from China. However, some already draw parallels with the case that occurred in 2014, when the mining bitcoin farm also burned down. Then the equipment for millions of dollars was lost. Some argue that this is an old video from 2014, but in a video published by Davy Wang, it’s clear that a completely different building is on fire.

Bitcoin hash questions remain

There has been a debate lately about speedBitcoin network hashes. The reason for discussion was a drop in the indicator from, especially after it fell from 98.12 exams on September 22 to 67.38 exams on September 23. Since then, he has fully recovered, but this collapse frightened some of the industry experts. There is still no consensus on whether this fall was a statistical anomaly, or whether we are dealing with something more serious.

The story of the fire in China will clear up as new information becomes available.