Bitcoin Mega Mining Farm on Fire 💥

[romero121]

Bitcoin Mega Mining Farm in China has caught fire. The damage caused by the fire was estimated to be $10 million. Some speculated this to be the reason for the price recovery of more than $500 yesterday. No respective authorities have confirmed it, but videos of the fire has been getting spread over the media.

China's Mining grows regularly with more number of mining farms without proper licensing. Last month too one of the big mining farm got affected out of the flood. This time another mining farm has got affected by the fire. Does this makes a big impact over the market of bitcoin, as mining is the base for the network to function.

[pooya87]

there is already another topic discussing this here: https://bitcointalk.org/index.php?topic=5189037.0
and the story is suspicious at best which makes it look more like an FUD not to mention that there is no noticeable change in the hashrate!

[romero121]

there is already another topic discussing this here: https://bitcointalk.org/index.php?topic=5189037.0
and the story is suspicious at best which makes it look more like an FUD not to mention that there is no noticeable change in the hashrate!

I didn't came through that thread. This is purely a FUD as mentioned. Most of the users in the other thread discussing on the same has stated it to be a FUD to manipulate the market. The same is being confirmed as there is no change in the hash rate. If such incident has taken place, truly it'll affect the hash rate overall.