https://finance.yahoo.com/news/bitcoin-hashrate-drops-nearly-40-034118180.html

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Forkast NewsForkast News

Bitcoin hashrate drops nearly 40% as deadly U.S. storm unplugs miners

Read full article
61   

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  * BTC-USD
  * 

Timmy Shen
December 25, 2022, 10:41 PM*1 min read
In this article:

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  * BTC-USD

[828cd71caa]

The Bitcoin network hashrate has dropped by more than 38.8% from its
peak on Wednesday, as many U.S.-based miners have been forced to
switch down their facilities due to deadly blizzards.

See related article: British Columbia suspends new electricity
connections for crypto miners

Fast facts

  * Bitcoin hashrate, the level of computing power used for mining
    and processing transactions, came in at 155.28 exahashes per
    second on Saturday, down from 253.88 exahashes on Wednesday,
    according to data from IntoTheBlock.

  * A winter storm has claimed at least 32 lives across the U.S., as
    of Monday morning in Hong Kong, according to media reports.

  * Core Scientific, a major Bitcoin miner that filed for Chapter 11
    bankruptcy protection last week, tweeted on Saturday that it
    would be "participating in multiple power curtailments to help
    stabilize the electrical grid" and that Bitcoin production was
    expected to slow down.

  * Bitcoin miner Riot Blockchain tweeted on Thursday that it was
    closing down its facility "due to the extreme weather condition
    in Texas."

See related article: Bitcoin mining difficulty rises 3.27% in latest
adjustment

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Related Quotes

  Symbol    Last Price Change % Change
BTC-USD     16,848.98  +20.69 +0.12%
Bitcoin USD

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