Chinese Bitcoin Mining Farm Fire causes Bitcoin Blockchain anomalies! A Chinese Bitcoin Mining Farm Fire is being looked at as playing a role to some anomalies to the Bitcoin network.
The Chinese Bitcoin Mining Farm has potentially lost millions in hardware. The fire was first reported on Twitter by @OGTBC.
As @OGBTC already broke it, here is the real footage of a local mega farm caught on fire…
Which claimed a lost of $10M worth of mining machines pic.twitter.com/bMihmIwTNO
— Dovey Wan 🗝 🦖 (@DoveyWan) September 30, 2019
$10 million dollars worth of Hardware may have been lost in the blaze – the fire took place in an undisclosed location in China. This is a huge blow to the mining firm – they had also announced shipment delays for their customers who ordered mining hardware.
Around the same time of the misfortunes of this Chinese bitcoin mining farm, strange things were happening on the Bitcoin chain. New blocks normally appear every 10 minutes – however, as this fire was raging and destroying the farm, the new block didn’t appear for almost two hours. This is one of the longest gaps between blocks.
hmm, no blocks for ~2 hours, how much hashpower did that fire take out? probably just variance but curious timing 🤔 pic.twitter.com/xVKxqnViMC
— wiz (@wiz) September 30, 2019
What do you think? Could this be a weakness of the network? Let us know what you think on our Facebook page!