Crypto news 2018/11/21 Bitmain opened a Bitcoin mine in East Wenatchee
1. Bitmain opened a Bitcoin mine in East Wenatchee
image source:bitcoinexchangeguide.com
According to bitcoinexchangeguid, on November 16, Bitmain opened a Bitcoin mine in East Wenatchee, Washington. The facility is equipped with more than 8,000 mining machines and consumes 12 megawatts of electricity. The entire mining facility is estimated to cost $20 million. As expected, all mining equipment is the Antminer S9. The mine is expected to create 20 jobs after it begins operations.
2. Voice: the current shock of the crypto market is necessary
According to CNN, Anthony Pompliano, a partner at crypto -investment firm Morgan Creek Digital, wrote in a recent blog post that some crypto hedge funds may be forced to close due to a sharp fall in the price of cryptocurrencies. Many companies will not be able to raise more funds or survive. For crypto funds and ICO projects, the current bear market will soon get worse and worse. The pain of the future is that many entrepreneurs and fund managers have never dealt with before. But Pompliano believes that the current shock is necessary to eliminate the weak market, leaving only true crypto believers, real entrepreneurs can focus on building sustainable value.
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I lost money in Hashnest which is owned by Bitmain.
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