Bitcoin’s total hash rate is Hit a low of 170 exahash (EH/s) on Dec. 25, a report notes that Bitcoin miners in Texas cut their hashpower during a massive winter freeze. increase. Statistics show that nearly 100 exahash dropped from the network, but recovered from a low of 170 EH/s to 240 EH/s by 12pm. (ET).
Texas Bitcoin miners cut computing power
Network hashrate after reaching 272 exahash per second (EH/s) on Dec 24, 2022 plummeted to 170 EH/s in the early hours of the next day. Countless reports detail Bitcoin miners located in the region voluntarily shut down due to the Texas cold. Bitcoin supporter Dennis Porter has shared a screenshot of a message sent by Bitcoin mining operation Lancium to shut down his Ft. Stockton facility to bring more power to the grid.
“Bitcoin miners voluntarily cut power again during extreme weather in Texas,” Porter tweeted . “Bitcoin miners are grid-friendly.” Bitcoin mining business Core Scientific also said it was taking part in the downsizing. “Due to the extreme cold that hits the eastern and southern halves of the United States, we will be participating in multiple power cuts to help stabilize the grid,” said mining operations details.
Coinwarz.com stats show nearly 100 exahash went offline, but hashrate returned to around 240 EH/s around noon (ET) . In fact, Antpool surpassed Foundry USA hashrate for the first time in a long time. Antpool has roughly 69 EH/s of computing power, making him 29.92% of the global network at the time of writing. Foundry USA has his 19.68% of the global hashrate at 45.51 EH/s. Just two days ago he had his EH/s at Foundry USA on December 23rd at around 70 EH/s, about 31% of the global hashrate. Texans don’t want to experience an icy blackout like 2021. The entire state will be dealing with freezing temperatures over the weekend during the holiday season. The Electric Reliability Council of Texas (ERCOT) grid holds its own, but colder winter tests are on the horizon, according to a report Friday.
“Be prepared for the ups and downs this weekend as we deal with winter storms,” tweeted Neil Galloway , Director of Mining Operations at Compass Mining. ‘s hosting partners and technicians are working in rough conditions that may slow progress but are monitoring the situation over the weekend.:
Your miners are offline so people can heat and cook their homes, hospitals can continue to care for patients, and military bases are ours. We can keep an eye on our borders and be proud to have been an integral part of balancing the grid.
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