The founder of the sixth largest mining pool F2Pool published a video in which a huge number of mining devices are simply unloaded onto each other near an unknown building. He also shared a photo of a person who allegedly sells or buys miners by weight from his WeChat account.
The vid and photo shared by co-founder of F2Pool (Discus Fish) on Wechat today. Credits to him :) pic.twitter.com/PYOOiulSWT
— cnLedger (@cnLedger) November 20, 2018
Note that some users are convinced that the video and photos captured the effects of the June floods in Sichuan province, when several large mining farms were allegedly destroyed.
The founder of F2Pool added that he was not sure exactly when the video was shot, but shared photos from his own sites, and said that tens of thousands of devices were disconnected, since bitcoin mining for some people was no longer profitable after the recent price collapse.
Tens of thousands of #bitcoin miners were shut down due to the recent market crash, according to the co-founder of F2Pool, one of the largest/oldest mining pools in China. https://t.co/6SHeF4Yy3I pic.twitter.com/sSJ9WHq13Z
— cnLedger (@cnLedger) November 21, 2018
Hashrate of the Bitcoin network has shown a significant drop in the last 30 days.