600,000 Miners Shut Down Business In The Last Two Weeks
According to F2Pool, the third largest mining pool, between 600,000 and 800,000 bitcoin miners have shut down business. They have shut down at a rapid pace and done so by mid-November. Mao Shixing is the founder of F2Pool and told Coindesk bases his estimates on the number of miners that have shut down on different metrics. These metrics consists of the total hashrate drop and the average hash power of older mining machines that see losses at current bitcoin price levels. Blockchain.info provides data from the entirety of the Bitcoin blockchains hashrate. In simple terms, the data capture the aggregated computing power on the world's first blockchain. It has dropped from around 47 million tera hashes per second (TH/s) to 41 million. The fall happened from 10th of November to the 24th of November and represent a 13 per cent decline. This information was first found by us on November 26, 2018 2:33 PM. Share this content on social media: See toshitimes.com for more. Reply to Topic
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