800,000 bitcoin "mining" equipment has been closed in the past two weeks. Cryptomonade quotes fall below $ 4,000 – Business


Between 600,000 and 800,000 equipment "Mining" Bitcoin has been closed for the past two weeks amid falling prices for cryptomonas and difficulties exploiting digital coins, according to a study by an industrial company. "Mining" is a process where users use computer resources or special equipment to produce new cryptomonas.

In an interview with CoinDesk, Mao Shixing, founder of the Chinese currency business, F2pool, said his company's estimates were calculating a decrease in total hashrate (a unit of measurement for the amount of computing power consumed by a bitcoin network to function) and the average computing power of older mining equipment, which results in more profits.

According to data available on blockchain.info, hashrate site the bitcoin network fell by around 13% between November 10 and 24 (from around 47 million Terahash / sec on November 10 to 41 million on November 24).

"It is difficult to calculate the exact number of miners connected to us who have been cut off. But I have seen more than ten thousand of them (locked) in the past few days, based on conversations I have made with large companies with whom we are in regular contact", explained Mao.

Quoted bitcoin fell around 45% this month after last year, during the same period, the price of Cryptomonade was set at $ 20,000. At the time of writing this article, quotes from the most popular digital coins are around $ 3700, according to data available at CoinMarketCap.com.



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