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Blockcap plans to have 50K Bitcoin miners operational by 2023

May 3, 2021. Summarized by summa-bot.

Compression ratio: 40.6%. 1 min read.

Once fully operational, the hash rate of Blockcap's Ether mining rigs will reportedly account for roughly 0.21% of the entire Ethereum network, with its Bitcoin miners projected to control roughly 2% of BTC’s current combined hash rate.

One of the largest crypto mining firms in North America said that it has acquired an additional 8,000 rigs and has begun mining other cryptocurrencies.

In an announcement from Blockcap on Monday, the mining firm said it planned to have more than 50,000 mining rigs online by the end of 2022.

Blockcap now controls more than 12,000 mining rigs, generating more than 6. 6 Bitcoin (BTC) daily — roughly $380,000 at the time of publication.

According to the firm, the addition of the ETH mining rigs in operation would account for 1. 229 terahashes per second, or roughly 0. 21% of that of the Ethereum network.

by summa-bot

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