More Than $1,000,000 of Damage at China Based Mining Facility?!?...

Pictures have emerged of the aftermath following a flood at a mining facility in China that has caused damage to hundreds of ASIC's, GPU's and other mining hardware.

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The flooding actually caused a big drop in the hashrate on the Bitcoin network going from 43 million Th/s to 30 million Th/s, i would assume that GPU and domestic miners see this as a god send as it makes thing s a lot easier for them.Source

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The damage is apparently irreparable and seems that the damage is in the millions, whether this particular facility will ever be in operation again seems doubtful which is not all bad imo.

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