Watch Bitcoin-Mining Mega-Farm Burn To Ground In China

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 Cointelegraph.

One of the first reports of the fire surfaced Monday at 10 am est. by Twitter handle Marshall Long who tweeted: “The big datacenter from Innosilicon just went nuclear $BTC @DoveyWan did you see this?”

The big datacenter from Innosilicon just went nuclear$BTC @DoveyWan did you see this?#BTC #bitcoin pic.twitter.com/Br2qRx40On

— Marshall Long (@OGBTC) September 30, 2019

By noon on Monday, Twitter handle Dovey Wan tweeted: “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.”

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

While details are limited, news.Bitcoin.com’s Chinese sources are indicating the $10 million mining facility was located in the Inner Mongolia region, burnt to the ground due to “faulty wiring and bad PSUs.”

Another source confirmed Innosilicon operates the mining facility. Still, the company on Wednesday denied that its facility burnt down, tweeting: “In the last couple of days, a rumor is circulating about a fire in alleged Innosilicon farm causing ten million dollars miner equipment loss. We can say with 100% certainty that the fire was not related to Innosilicon and there has been ZERO Innosilicon property or equipment loss.”

In the last couple of days,a rumor is circulating about a fire in alleged Innosilicon farm causing ten million dollars miner equipment loss. We can say with 100% certainty that the fire was not related to Innosilicon and there has been ZERO Innosilicon property or equipment loss.

— Innosilicon Miner (@Inno_Miner) October 2, 2019

Social media users were worried that the blaze was connected with a hashrate anomaly that took place at the same time. Bitcoin’s hashrate dropped on Monday and one Twitter user detailed the disturbance:

“Block 597,273 was mined …read more

Source:: Zerohedge.com

      

Leave a Reply

Your email address will not be published.