Golden Observation｜After the Hutubi Coal Mine Accident, Bitcoin Computing Power Dropped

According to The Paper, at about 18:10 on April 10, during the technical transformation of Fengyuan Coal Mine in Queergou Town, Hutubi County, Changji Hui Autonomous Prefecture, Xinjiang, a sudden flooding accident occurred, resulting in underground power outages and communication interruptions.

The security incident has also had an impact on the bitcoin mining industry.

On April 16, the computing power of the Bitcoin network dropped sharply. According to the data of BTC.com, the computing power of each mining farm performed as follows:

Jinse Finance mining data broadcast: BTC’s network computing power rose by 1.28% today: Jinse Finance reported that according to the data from the spider mining pool:

The computing power of the BTC network is 137.021EH/s, the mining difficulty is 18.60T, the current block height is 663762, and the theoretical income is 0.00000740/T/day.

The computing power of the entire ETH network is 292.189TH/s, the mining difficulty is 3740.62T, the current block height is 11559313, and the theoretical income is 0.00785494/100MH/day.

The BSV network computing power is 0.738EH/s, the mining difficulty is 0.10T, the current block height is 667915, and the theoretical income is 0.00121795/T/day.

The computing power of the BCH network is 1.529EH/s, the mining difficulty is 0.22, the current block height is 668188, and the theoretical income is 0.00058845/T/day. [2020/12/31 16:09:16]

It is reported that the sudden drop in computing power is due to the large-scale power outage adjustment caused by the safety inspection of Xinjiang mines.

Jinse Finance Mining Data Broadcast | BTC’s total network computing power dropped by 2.91% today: Jinse Finance reported that according to the data from the Spider Mine Pool:

The computing power of the BTC network is 121.788EH/s, the mining difficulty is 16.95T, the current block height is 643145, and the theoretical income is 0.00000857/T/day.

The computing power of the entire ETH network is 202.338TH/s, the mining difficulty is 2505.20T, the current block height is 10635679, and the theoretical income is 0.01099384/100MH/day.

The BSV network computing power is 2.212EH/s, the mining difficulty is 0.29T, the current block height is 647617, and the theoretical income is 0.00040694/T/day.

The BCH network computing power is 2.786EH/s, the mining difficulty is 0.39T, the current block height is 647809, and the theoretical income is 0.00032300/T/day. [2020/8/11]

At around 16:00 this afternoon, the Mars Cloud Mine issued an announcement saying: Due to a large-scale safety accident at the Hutubi Coal Mine in Xinjiang, at the request of the Zhundong Management Committee of the Autonomous Region Government, all mines in the Zhundong area need to conduct power outages and cooperate with safety measures. Check to eliminate potential safety hazards. Some cooperative mines of Mars Cloud Mine are located in the Zhundong area. Affected by this safety accident, Mars Cloud Mine has received notices of power outages at the mines at 15:00 on April 16.

Golden Morning News丨Overnight important news on March 23: 21:00-7:00 Keywords: liquidity, central bank digital currency, mining shutdown

1. The Federal Reserve will provide 4 trillion liquidity to the market.

2. Spot gold gapped and opened higher, and US stock futures hit the circuit breaker limit.

3. Thesis of the Central Bank: Vigorously develop digital currency based on human value.

4. Zou Pingzuo of the Central Bank: The digital currency transmission mechanism is a market process of value creation.

5. Sinopec uses blockchain technology to ensure food traceability.

6. Opinion: The liquidity crisis is one of the reasons that led to the nearly halving of Bitcoin.

7. Deputy Director of the Blockchain Special Committee of the Ministry of Commerce: The average selling price of each mining machine is 30%-50% lower than that before the Spring Festival.

8. OKEx researcher: If BTC falls below the Ant S17 shutdown price, BTC will enter a state of shock or death.

9. Bitcoin continued to fall, from a maximum of 6138 US dollars to a minimum of 5800 US dollars. [2020/3/23]

The announcement stated that the power outage involves ETH mining machine models: some Mars E30 230M, some Panda B7 230M, some E30 pro 250M, and some Mars ETH custom machine 240M/440M.

The outage involves BTC mining machine models: some WhatsMiner M20s 68T, some WhatsMiner M31s 70T, some Whatsminer M31s 78T, some WhatsMiner M31s 90T, some Antminer S19 95T, and some Whatsminer S19 Pro 110T.

Mars Cloud Mine said that all the mining machines involved in the above have been shut down before 17:00 on April 16th, and the actual mining income before the shutdown on April 16th (approximately 50% of the daily output income) will be released on April 17th. 1/3). The cooperative mine has received notification from relevant departments and cooperated with the safety inspection. The specific time for power restoration will be notified separately.

As verified by Jinse Finance, after the coal mine safety accident, members of the Safety Committee of the Zhundong Economic Development Zone conducted a dragnet safety production inspection on the enterprises in the area. According to the news, during this inspection, the safety committee of the development zone established the Road Traffic Special Committee, the Coal Special Committee, the Industry and Trade Special Committee, the Hazardous Chemical Special Committee, the Construction Municipal Water Conservancy and Land Special There are 8 special committees, including special committees, fire protection committees, and special equipment committees, and a total of 12 inspection teams carry out large-scale inspections.

At present, there is news that Mint Mining, the vice president of the Bit Times Weibo account, released the news at 37 degrees. Due to a large-scale safety accident at the Hutubi Coal Mine, the current big data centers in Xinjiang are basically temporarily shut down. In cooperation with fire inspections, it is estimated that it will resume in about a week. Production.

However, Jinse Finance checked its Weibo account when it published the article, and there was no such news.

According to network logic calculations, Bitcoin’s computing power has dropped sharply. On the basis of maintaining the same mining difficulty, the income of miners who maintain mining is currently increasing. However, the current mining difficulty has just increased. If the future computing power remains unchanged, 13 days later Mining difficulty will continue to increase. The short-term reduction in computing power may not have affected the income of other miners, but now that the price of Bitcoin is high, it is not ruled out that the computing power can be replenished in the short term and return to normal.

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