Hive Blockchain increased the hashrate of its equipment by 8% – Bits Media

Canadian mining company Hive Blockchain reported, that over the past month its total hashrate of Bitcoin mining equipment has increased by 8%.

According to the report, in May, Hive wallets received 273.4 BTC и 2 694 ETH. The total hashrate of Bitcoin mining equipment was 2.18 Eh / s, and the hashrate of mining devices for ETH production remains the same – 6.26 Th / s. Hive Chairman Frank Holmes (Frank Holmes) noted:

"We are pleased to announce, that in May Hive continued to increase its equipment capacity, eg, The total hashrate of BTC mining devices has increased by 8% per month, thanks to the installation of new devices and updates. In May we produced on average 8.8 BTC per day, and now this figure reaches 9.2 BTC, even after the latest increase in mining difficulty".

Holmes also reported, that within a year the total hashrate of the equipment will increase from 3.4 Mother / s 6.2 Eh / s. This will be achieved thanks to the new supply of devices - such as ASIC miners, and farms using video accelerators. Deliveries of miners based on Intel chips should begin this month.

Earlier, US President Joe Biden declared a state of emergency in the country due to a lack of energy generating capacity, which can negatively affect the activities of local miners.