Bitcoin Hashrate Falls 12% After US Winter Storms Hit Miners

Winter Storms Disrupt Bitcoin Mining Operations

US winter storms forced Bitcoin miners to shut down operations, leading to a 12% drop in the network’s hashrate. Miners curtailed power usage to alleviate stress on the power grid, resulting in a significant decline in mining output and revenue.

Decline in Mining Revenue and Output

CryptoQuant data shows that daily Bitcoin mining revenue fell from approximately $45 million on January 22 to a yearly low near $28 million just two days later. This sharp decline reflects the impact of the storm on mining activities.

Specific Mining Companies Report Significant Output Drops

• CleanSpark reduced daily Bitcoin production from 22 BTC to 12 BTC.
• Riot Platforms saw a reduction from 16 BTC to 3 BTC.

Network Hashrate Dips to Seven-Month Low

A US winter storm pushed Bitcoin’s hashrate to a seven-month low, with network power falling over 40%. This disruption highlights the vulnerability of the Bitcoin network to weather-related events.

US Mining Dominates Global Hashrate

The US contributes nearly 38% of global Bitcoin mining power, making weather-related disruptions particularly impactful. This centralization raises concerns about network resilience during extreme weather events.

來源：https://cointelegraph.com/news/bitcoin-miner-output-us-winter-storm-latest-data