02 December 2021 07:57, UTC
Reading time: ~ 2 m
Canadian mining company Bitfarms announced a decrease in the number of mined bitcoins in November due to the increase in mining difficulty.
According to a Bitfarms report, 339 BTC were mined last month, up from 343 BTC in October. Bitfarms CEO Emiliano Grodzki said:
“Even with the increase in difficulty, our BTC production level in November remained stable. In 11 months, we mined almost 3,000 BTC worth $ 175 million at current market prices. “
In addition, deliveries of new mining equipment continued in November. This resulted in a 16% increase in the company’s hashrate to 2.1 Eh / s after hitting a record 1.8 Eh / s in October.
So, in November, Bitfarms received 400 MicroBT M30S ASIC miners and 3,588 Bitmain S19j Pro ASIC miners. Another 702 Bitmain S19j Pro ASIC miners are expected to be shipped in the first half of December.
In early November, the company announced that it plans to launch a mining center in the US state of Washington. To do this, Bitfarms bought a 24 MW hydroelectric power plant for $ 26 million.
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