GEM Mining publicizes their BTC production update, including over $8 million in earnings and plans for another 14,000 miners to be deployed.
GEM Mining publicizes their BTC production update, including over $8 million in earnings and plans for another 14,000 miners to be deployed.
- GEM Mining’s February BTC mining update presentations it produced 200.5 BTC.
- 18,065 miners are currently energetic with 1.77 EH/s.
- 14,000 Miners build of living to attain aid online by the cessation of 2022, fully-hosted and funded by GEM mining.
GEM Mining, a 97% carbon neutral institutional-grade mining company with a deployable mining like a flash of 32,000 miners, announced their bitcoin mining production update for February, 2022.
With a hash price of 1.77 exahashes per second (EH/s) and 18,065 energetic miners, GEM produced 200.5 BTC price over $8,506,600. It’s total production one year-to-date is 423 BTC, price extra than $17,912,900.
“Our February production continues our solid commence to the one year,” acknowledged John Warren, CEO of GEM Mining. “With 14,000 fully funded and hosted miners coming online within the arrival months, we are able to proceed to without warning lengthen our excessive-quality mining like a flash and efficiently assemble BTC.”
The 18,065 miners represents a 22% boost from the outdated month of 14,804 miners, whereas their 1.77 EH/s hash price offers a 22.9% boost over their outdated month’s 1.44 EH/s. However, the 200.5 BTC produced presentations a decrease from the outdated month’s 222.5 BTC, price about $9,551,100, showing a 9.89% decrease. This moreover resulted in a month-over-month decrease in earnings in addition, where January brought in $9.15 million, February got here brief bringing in $8.22 million.
GEM mining cited the shorter month, an boost in world hash price meaning a increased subject adjustment, and the donation of mining vitality to red meat up community measures as reasoning for the decrease in February BTC production phases.
GEM has plans to commence every other 14,000 miners which is ready to be fully-funded and hosted by GEM mining within the end to future. GEM mining accounts for 1% of the world hash price, build of living to tremendously boost by the cessation of 2022.
