February 8, 2023

Innosilicon Mining Farm Fire Reduces Bitcoin Hash Rate

On September 30, the hashrate of the first cryptocurrency network significantly decreased and amounted to 82 EC / s. Such a hash rate drop associated with a fire that destroyed mining equipment for $ 10 million

As Marshal Long reported on Twitter(Marshall Long), one of the first Bitcoin miners, a fire rages in the squares of the Innosilicon mining center. There are few details, but the video shows that the devices work even during a fire. As the partner of the cryptocurrency company Primitive Ventures, Davy Wan, said that $ 10 million worth of equipment was damaged in the fire.

Note that the Innosilicon company is still silent. But commentators on social networks immediately linked the drop in bitcoin hash with a fire at the company's facilities.

Recall that just recently, the bitcoin hashconstantly growing and already approaching 100 exheshes per second. According to CoinDesk reporters, the reason for the hash growth was the commissioning of more than 500,000 ASIC miners.

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