In the last few days, Bitcoin’s hashrate metric has experienced a significant downward contraction due to the recent reduction in mining activities in Texas, as the country is facing an unusual cold wave.
The ERCOT, which stands for the Electric Reliability Council of Texas, has asked large miners such as FoundryUSA, Luxor Mining Pool, and Marathon Digital to reduce the amount of electricity used in their digital currency extraction processes to address this emergency.
This is not the first time that a similar event has occurred: in the past, ERCOT had incentivized the mining company Riot to drastically reduce its energy consumption during summer heatwaves, donating over 2 million dollars in energy credits.
Meanwhile, Texas is increasingly emerging as the main hub for miners, surpassing CHINA in terms of the number of companies present and the amount of hashrate produced.
All the details below.
Bitcoin mining hashrate drops by 25% due to freezing temperatures in Texas
In the last 7 d
We współpracy z: https://en.cryptonomist.ch/2024/01/18/bitcoin-mining-hashrate-drops-by-25-in-texas/
