Bitcoin network hash rate drops by 40% due to blizzard that prevents mining
A record cold snap hit the United States on December 26, 2022, killing at least 57 people and powering
Bitcoin hashrate drops nearly 40% as deadly US storm unplugs miners
https://forkast.news/headlines/bitcoin-hashrate-drops-nearly-40-as-deadly-us-storm-unplugs-miners/
Freezing temperatures and heavy snow kill 57 as huge storm wallops US
https://www.nbcnews.com/news/weather/winter-storm-freezing-temperatures-heavy-snow-killed-deadly-buffalo-rcna63226
According to a survey by IntoTheBlock, which deals with blockchain information, the hash rate of Bitcoin decreased by about 38.8% from 253.88 EH/s (exahash per second) on December 21, 2022 to 155.28 EH/s on the 24th. He said.
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The decline in hashrate comes after many US-based miners were forced to shut down their mining facilities due to a severe snowstorm. American news media NBC News reported on the 26th that at least 57 people died in the United States, including 27 people who died in Erie County in western New York in this blizzard.
The deaths include many who died of heart disease during snow removal, as well as cases where they were found dead in their cars and others who died of carbon monoxide poisoning.
The following is the heavy snow pattern reported by the news media CNN .
A residential neighborhood in Seattle covered in snow on December 20th.
by Daniel Kim/The Seattle Times/AP
Snow clearers in Buffalo, New York, on Thursday.
by Faith Aktas/Anadolu Agency/Getty Images
A father and son walk over a frozen reflecting pool at the Lincoln Memorial in Washington, D.C., Wednesday.
Mining operators are also directly affected by the cold weather. Riot Blockchain tweeted on Dec. 22, “Due to extreme weather conditions in Texas, we have decided to close our Rockdale facility due to the need to ensure the safety of our team members.”
Due to the extreme weather conditions in #Texas , we will be closing down our Rockdale Facility to ensure the safety of our team members. Stay tuned for updates.
—Riot Blockchain Inc. (@RiotBlockchain) December 21, 2022
Mining giant Core Scientific, which has filed for bankruptcy on the 21st, also said, ``Due to the frigid weather covering the eastern and southern United States, we plan to participate in multiple power curtailments to stabilize the power grid. It is expected that the production of coins will decrease, ”he announced that he would stop mining at some facilities to cooperate in saving electricity.
Due to extreme cold weather sweeping across the eastern and southern half of the US, we will be participating in multiple power curtailments to help stabilize the electrical grid. BTC production is expected to decrease during this time.
— Core Scientific (@Core_Scientific) December 23, 2022
Wrap up and keep warm everyone.
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