Newly Minted Bitcoin Miner Gem Mining Reaches Hashrate of 1.25 EH/s

Posted on by American Coins & Gold

Newly Minted Bitcoin Miner Gem Mining Reaches Hashrate of 1.25 EH/s
Gem Mining, a bitcoin mining company started recently by former U.S. marine and 2018 candidate for South Carolina governor John Warren, reached hashrate capacity of 1.25 exahashes per second (EH/s) with 13,118 mining machines.The company is currently producing 6.5 bitcoins a day and has fully funded purchase orders for another 19,000 machines, expected to be online by the end of 2022.“The successful deployment of 13,000 active miners is a major milestone in the growth story of Gem Mining,” Warren, who is also CEO, said in a statement on Wednesday.Gem’s mining power now accounts for about 1% of the Bitcoin network’s…