Bitcoin Miner Merkle Increases Hashrate by 900% in 8 Months
Bitcoin miner Merkle Standard, which has a joint venture with Bitmain, one of the world’s largest bitcoin mining rig manufacturers, increased its total computing power or hashrate to 3.1 exahash (EH/s) from about 0.3 EH/s over the last eight months. The privately held miner has brought an additional 40 megawatts (MW) of mining capacity.
The crypto winter has clearly been rough for miners, who have seen profit margins shrink as bitcoin prices plunged more than 50% this year, while power prices soared and capital dried up. However, some miners, such as Merkle, have continued to build up their facilities during the bear market to solidify their position when the market eventually turns. according to a statement on Monday. The site will be mining bitcoin (BTC) using Bitmain’s latest mining rigs.
Source
t.me/Mining_Crypto_Miner
