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Mining Rigs Going Offline Lead to Hashrate Drop in November

Published 11/26/2018, 07:42 AM
Updated 11/27/2018, 08:22 AM
 Mining Rigs Going Offline Lead to Hashrate Drop in November
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Bitcoin’s hashrate suffered a marked decline in November, and the reason may go beyond the Bitcoin Cash hash wars, which redistributed some of the hashing power. It could be attributable to the outright shut-down of mining rigs in a reversal of the ASIC arms race of the past years. The drop in mining activity comes at a time when Bitcoin (BTC) has started trading below $4,000, a rate deemed unprofitable for some miners.

CNLedger, a Chinese cryptocurrency source, has pointed to cases of selling mining rigs by the kilo.

https://twitter.com/cnLedger/status/1065108671397416960

It is uncertain whether the videos are recent, and some believ...


This article appeared first on Cryptovest

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