Bitcoin Miners Powered Off as Winter Storm Battered North America

The Bitcoin mining hashrate, a measure of computing power on the blockchain, dropped about 100 exahash per second (EH/s), or 40%, to 156 EH/s, between Dec. 21 and Dec. 24, data from BTC.com show. It has come back to approximately 250 eh/s as of December. 25.

It has been reduced to approximately 250 EH/s as of December 25. The ongoing demand of miners to ensure that electricity producers bring in revenue to offset costs.

The U.S. and Canada have been hit by an arctic storm that sent temperatures as low as -50°F (-45°C) in the western U.S. state of Montana, according to the BBC, and covered western New York state with as much as 43 inches of snow. At least 37 people died as result of the storm, CNN reported.

37 people have died from the storm, according to CNN. 23 – the biggest loss of any major pool – according to statistics from information platform Mining Pool Stats. 23 – largest loss of all major basins – based on mining basin statistics from information platforms.

The smelter belongs to the parent company of Coindesk, a digital money group. These included Riot BlockchainCore Scientific, which is undergoing Chapter 11 bankruptcy procedures. In Texas, 99% of industrial scale bitcoin mining load was turned off at 6 a.m. on Saturday, Lee Bratcher, the founder and president of industry group Texas Blockchain Council, said in a LinkedIn post.

In texas, 99% of the bitcoin mining burden on an industrial scale was deactivated at 6 am on Saturday, lee bratcher, Founder and chairman of the texas blockchain industry advisory group, spoken in a related position.

On the other hand, Denis Rusinovich, a Europe-based miner, tweeted that the big drop in computing power is “Another confirmation that bitcoin's geographical diversification is vital.”