{"id":13979,"date":"2019-05-08T00:00:00","date_gmt":"2019-05-08T00:00:00","guid":{"rendered":"https:\/\/crypto-economy.com\/2019\/05\/08\/bitcoin-btc-bitmain-reports-an-88-internal-bitcoin-mining-reduced-hash-rate-over-the-past-month\/"},"modified":"2019-05-08T00:00:00","modified_gmt":"2019-05-08T00:00:00","slug":"bitcoin-btc-bitmain-reports-an-88-internal-bitcoin-mining-reduced-hash-rate-over-the-past-month","status":"publish","type":"post","link":"https:\/\/crypto-economy.com\/bitcoin-btc-bitmain-reports-an-88-internal-bitcoin-mining-reduced-hash-rate-over-the-past-month\/","title":{"rendered":"Bitcoin [BTC] Bitmain Reports an 88% Internal Bitcoin Mining Reduced Hash Rate Over the Past Month"},"content":{"rendered":"
Beijing-based Bitcoin mining equipment manufacturer giant Bitmain<\/strong>\u2019s latest hashing power disclosure<\/a><\/strong> dated May 7th reveals that the company\u2019s internal Bitcoin mining operations have been downsized to the tune of 88% as compared to a month ago.<\/p>\n The company, which engages in the mining of several coins, disclosed that its mining equipment dedicated to mining the SHA256 algorithm (popularly used in mining Bitcoin and Bitcoin Cash coins) has been generating 237.29 quadrillion hashes per second (PH\/s) over the past month. Looking at the history of the disclosers, the company reported a hash rate of 2,072 PH\/s for the month of March.<\/p>\n