Category: Mining

[ad_1] As an Arctic storm front batters multiple U.S. states, bitcoin mining activity across the country has pulled back sharply, with American-based operators scaling down operations to ease pressure on the power grid during a difficult stretch. As a result, Bitcoin’s network hashrate has declined notably, with current data placing total hashpower between 800 and…

[ad_1] The Bitcoin mining hashrate secured by Foundry USA’s mining pool fell by roughly 60% since Friday as miners across the United States curtailed operations in response to severe winter weather. “Bitcoin hashrate on Foundry USA alone is down by nearly 200 exahashes per second (EH/s), or 60%, since Friday amid continued curtailment. Temporary block…

[ad_1] One thing we rarely think about is how bad weather can affect Bitcoin’s security, but it happens fairly regularly. Snow can legitimately pose a risk to Bitcoin miners who secure the blockchain. The snow shows up on the weather map first, a fat smear of color stretching across state lines. Then it turns into…