Genesis Digital Assets continues to expand its business – the mining company ordered Avalon A1246 ASIC miners from the manufacturer Canaan for $ 94 million.
If now the power consumed by Genesis farms is 140 MW, then after the end of the supply it will increase by 117 MW. Exactly when the equipment will be delivered is not reported, however, given the global shortage of chips, this is unlikely to happen in the near future.
According to Genesis, the hashrate of the company’s equipment is now 1.2% of the total hashrate of the Bitcoin network. Since its founding in 2013, the firm has launched over 250,000 mining devices, and the volume of mined Genesis cryptocurrency exceeded $ 1 billion.
Miners Avalon A1246 have a hash rate of 90 TX / s with a power consumption of 3420 watts. From this it follows that Genesis purchases about 34,000 devices. The network hashrate of the first cryptocurrency after the launch of new miners will increase by about 3 Eh / s. At the same time, at the beginning of April, the indicator reached approximately 180 Eh / s.
Recall that earlier the Riot Blockchain company announced the purchase of another 42,000 Bitmain Antminer S19j miners.
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