PANews January 26 News, according to Cointelegraph, due to the impact of the US winter storm “Fern,” Foundry USA Bitcoin mining pool hash rate has been reduced by approximately 60% since last Friday. Data shows that its hash rate has decreased by nearly 200 EH/s, currently controlling about 198 EH/s, accounting for 23% of the global mining pool total hash rate. This reduction has extended its average block time to about 12 minutes.
The storm has swept through many parts of the United States, causing power outages for over one million residents. Other mining pools serving US users, including Luxor, have also implemented hash rate reductions to ease pressure on the power grid infrastructure. Bitcoin miners, as controllable load resources, can shut down during peak demand periods and restart during low demand, helping to balance the grid load. The current storm is affecting parts of the southeastern, northeastern, and midwestern United States.
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
Bitcoin and Ether ETFs See $443 Million Inflows as Crypto Demand Picks Up
U.S. spot Bitcoin and Ether ETFs saw significant inflows, totaling $443.3 million on April 9, indicating renewed institutional interest in crypto funds. Bitcoin ETFs led with $358.1 million, driven by BlackRock's iShares, while Ether ETFs gained $85.2 million, primarily from BlackRock’s ETHA. This surge reflects a shift in investor sentiment and confidence in the crypto market.
CryptometerIo51m ago
Strategy Single-day frenzy snapping up 3,468 bitcoins! STRC’s “print money to buy coins” firepower is fully turned on, with total holdings nearing 770k BTC
Strategy, led by Michael Saylor, on April 10 alone, is estimated to have gone on a buying spree of 3,468 bitcoins by issuing STRC preferred shares, with its total holdings nearing 770k BTC. STRC offers an annualized return of up to 11.5%, helping it continue to expand its capital base and become the world’s largest bitcoin holder.
動區BlockTempo1h ago
BTC breaks through 73000 USDT, with a 24-hour increase of 0.48%
Gate News message: On April 11, according to a certain CEX price feed, BTC broke through 73,000 USDT, and is currently quoted at 73,024.4 USDT, up 0.48% over the past 24 hours.
GateNews5h ago
