BlockBeats News, January 23 — According to Cointelegraph, a winter storm threatening most of the southern United States could cause Bitcoin miners to halt operations. AccuWeather, a US weather forecasting company, stated on Thursday that this “large-scale winter storm” could span 1,800 miles, extending from the western tip of Texas to the mid-Atlantic coast, affecting over 60 million people.
Historically, when major storms damage power grids, Bitcoin miners have proactively reduced activity to ease the strain on the grid. During the significant winter storm in Texas in 2022, local cryptocurrency miners voluntarily scaled back operations.
Bitcoin environmental, social, and governance researcher Daniel Batten said that as extreme weather events become more common worldwide, the demand for Bitcoin mining load balancing will increase, especially as more solar and wind energy are integrated into the grid.
Disclaimer: The information on this page may come from third parties and does not represent the views or opinions of Gate. The content displayed on this page is for reference only and does not constitute any financial, investment, or legal advice. Gate does not guarantee the accuracy or completeness of the information and shall not be liable for any losses arising from the use of this information. Virtual asset investments carry high risks and are subject to significant price volatility. You may lose all of your invested principal. Please fully understand the relevant risks and make prudent decisions based on your own financial situation and risk tolerance. For details, please refer to
Disclaimer.
Related Articles
U.S.-Iran ceasefire drives Bitcoin higher—will this be a short-term rebound or the start of a new bull market?
Affected by the U.S.-Iran ceasefire agreement, the cryptocurrency market rebounded noticeably. Bitcoin briefly broke above $72,700, then fell back to around $71,695, with a gain of 4.3%. Analysts said this rally may be driven by short-term liquidity, while the long-term outlook remains uncertain; investors should watch changes in the macroeconomic environment and the situation in the Middle East.
GateNews1m ago
Charles Schwab Investment Management releases a cryptocurrency investment research report, saying that even a small allocation can increase portfolio risk
Charles Schwab Investment Management published a report stating that cryptocurrency investments do not have a fixed allocation percentage and should be determined based on investors’ goals and risk tolerance. It proposes two investment approaches: return-based and risk-based, and also notes that a modest increase in crypto asset allocation can improve portfolio performance, and that cryptocurrencies can provide diversified returns for traditional asset portfolios.
GateNews8m ago
Bitcoin reclaims $72K after US, Iran agree to 2-week ceasefire
Bitcoin surged past $72,000 after a two-week ceasefire between the US and Iran was announced. Traders often react positively to eased geopolitical tensions, despite overall market fear.
Cointelegraph1h ago
U.S. Spot Bitcoin ETFs See $471.3 Million Inflows Led by BlackRock
U.S. spot Bitcoin exchange-traded funds (ETFs) experienced substantial inflows at the beginning of the week, marking the strongest single-day performance in over six weeks. On Monday, Bitcoin ETFs attracted $471.3 million in net inflows. This surge reversed the previous month’s outflows and
CryptoBreaking1h ago
Iran’s Bitcoin hashrate falls 77% over the past quarter amid conflict
Iran’s hashrate has plummeted over the past quarter amid an ongoing conflict with the US and Israel, though the war itself has not dragged down global hashrate, according to a new report from Hashrate Index.
Iran has lost roughly 7 exahashes per second (EH/s) quarter-over-quarter, said Ian
Cointelegraph1h ago
BlackRock withdrew 2,607 BTC and 28,391 ETH from a certain CEX, for a total value of approximately $237 million
Gate News message: On April 8, according to monitoring by Onchain Lens, BlackRock withdrew 2,607 BTC from a certain CEX, worth approximately $178 million. It also withdrew 28,391 ETH, worth approximately $59 million.
GateNews1h ago
