Hashrate Drops to 663 EH/s During Winter Storm Fern
A brutal winter storm forced roughly 40% of global Bitcoin mining capacity offline, with public miners curtailing aggressively to support a stressed power grid.
Found 5 results for “hashrate”
A brutal winter storm forced roughly 40% of global Bitcoin mining capacity offline, with public miners curtailing aggressively to support a stressed power grid.
The total computational power securing Bitcoin briefly crossed one zettahash per second, a previously theoretical milestone now realized in practice.
After Moscow formalized a regulatory regime for industrial mining, on-chain analysts say Russia's share of global hashrate has climbed back near 11%.
Several mid-tier miners have relocated capacity to Quebec, drawn by the province's abundant low-cost hydroelectric power and cooler ambient temperatures.
Margin compression has triggered a steady stream of Chapter 11 filings among second-tier miners, consolidating hashrate into the largest operators.