Force of Nature shuts down 30,000 Bitcoin miners

Key facts:
  • Marathon, an American mining company, was affected by the rain.

  • Most of the equipment has been shut down and is expected to be operational next week.

Bitcoin mining is not immune to nature. A storm has shut down a US Marathon mining farm, made up of at least 30,000 bitcoin miners. Most of them were disabled due to lack of electricity.

In a press release published on its official website, the company said that the storm, which passed through Hardin, Montana, in the United States, in early June, Damage to the electrical installations that supplied the farm, one of the largest in the companywith 105 MW of power and 3.3 EH/s of hashing.

Therefore, the mining facility is, at the moment, offline. It will likely remain that way until the damaged power plant is repaired., the company said. In fact, the farm will not have the capacity to operate until the first week of July, but at “reduced capacity,” according to Marathon.

Marathon is located on the first and main mining farm in Hardin. It is made up of an army of about 30,000 Bitmain Antminer S19 Pro ASIC miners, as shown on their website, which constitute 75% of the company’s operating fleet.

Despite the torrential rain, initial electrical tests by miners at Marathon were positive, “Indicates that the storm did not cause physical damage to most of the equipment.”They indicated.

While the repair of electrical installations is completed, the percentage of residual fragmentation The company’s mining equipment (add about 0.6 EH/s), will be taken out of mining pool (MaraPool) owns and will take a third party, To increase the chances of continuing to earn bitcoins.

“It will take time to bring miners back online fully, and we are committed to doing everything we can to rebuild our hash rate and improve our bitcoin production,” said Fred Thiel, President and CEO of Marathon.

Most of the Marathon miners were not physically harmed by the storm in Hardin, Montana. Source: Marathon.

Big Drops in Bitcoin Production

As a result of the involuntary separation from Marathon miners, the company expects monthly bitcoin production to decline significantly in June. this is, Until the repair of the electrical installation is completed or until the transfer of equipment to more efficient farms is completed.

As announced in the past months, Marathon has been looking at moving its teams to “more sustainable” energy sources. Now, for an emergency, Evaluation of “Accelerating Relocation of Montana Miners to New Housing Sites”.

“The severe storm in Montana unexpectedly lowered our hash rate in June, and presented us with a new challenge that we are actively working to overcome,” Thiel said.

Marathon’s stance illustrates how difficult and sensitive mining work can be, which can succumb to something as natural as rain. Added to this is the low profitability of the activity in recent months, which makes the industry suitable only for the resilient.

 

 

 

 

 

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