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IntoTheBlock: the Bitcoin network hash rate fell by 38.8%+ on December 24 from its December 21 peak as many US-based miners paused operations due to blizzards

byFarley Richard
March 8, 2023

Since Wednesday, when it peaked, the hashrate of the Bitcoin network has decreased by more than 38.8% as a result of many American miners being forced to shut down their operations because of deadly blizzards.
According to data from IntoTheBlock, Bitcoin hashrate, the amount of computing power used for mining and processing transactions, decreased to 155.28 exahashes per second on Saturday from 253.88 exahashes on Wednesday.
At least 32 people have died as a result of the winter storm, according to media reports as of Monday morning in Hong Kong.

More: CoinDesk, The Block, Cryptopolitan, Bitcoinist.com, Decrypt, Cointelegraph, Bitcoin News, and crypto.news

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Farley Richard
Richard is a freelance writer and blogger with over 5 years of experience in the industry. He specializes in writing about personal finance, technology, and travel. He has a keen interest in the latest trends in these fields and enjoys sharing his knowledge with his readers. John's work has been featured on several popular websites and he has a dedicated following of readers who enjoy his relatable writing style and in-depth analysis. When he's not writing, Richard enjoys hiking and exploring new places.
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