BitcoinFriday on Nostr: Bitcoin hashrate plunges, with over a 25% drop from 530 Eh/s (7DMA) to 385 Eh/s. This ...
Bitcoin hashrate plunges, with over a 25% drop from 530 Eh/s (7DMA) to 385 Eh/s.
This is primarily due to miners in Texas powering down to aid the power grid during frigid temperatures.
"Bitcoin hashrate has declined as much as 25% over the past three days as miner operators in Texas curtail power to strengthen the local grid amid a cold outbreak.
Notably, Foundry USA Pool has been the main source of the decline, witnessing its miner customers unplug as much as 75 EH/s of hashrate mainly due to curtailment activities in Texas.
After China’s crackdown on bitcoin mining in 2021, Texas has emerged as the new global hub of bitcoin mining. As of September, more than 28% of the hashrate connected to Foundry’s pool was in Texas."
Texas is home to roughly 13% of the global hashrate.
Sources:
https://theminermag.com/news/2024-01-16/bitcoin-hashrate-drop-texas-miner-curtail-grid/
https://miningpoolstats.stream/bitcoin
I just wrote this post whilst my S9 heater made livingroom 🔥⚡️
https://miningwholesale.eu
Livingroom warm ✅
Mining sats ✅
Opt out: Bitcoin🧡
Study, learn, hodl, decouple.
#bitcoin 🧡
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My savings account: Bitcoin
The tool I recommend for setting up a Bitcoin savings plan: @Relai 🇨🇭 🇨🇭 especially suited for beginners or people who want to invest in Bitcoin with an automated investment plan once a week or monthly. Hence a DCA, Dollar cost Average Strategy. Check out my tutorial post (Instagram) & video (YouTube) for more info.
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Get your Bitcoin out of exchanges. Save them on a hardware wallet, run your own node...be your own bank. Not your keys, not your coins. It’s that simple.🎯
⠀⠀⠀⠀⠀⠀⠀⠀
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This is primarily due to miners in Texas powering down to aid the power grid during frigid temperatures.
"Bitcoin hashrate has declined as much as 25% over the past three days as miner operators in Texas curtail power to strengthen the local grid amid a cold outbreak.
Notably, Foundry USA Pool has been the main source of the decline, witnessing its miner customers unplug as much as 75 EH/s of hashrate mainly due to curtailment activities in Texas.
After China’s crackdown on bitcoin mining in 2021, Texas has emerged as the new global hub of bitcoin mining. As of September, more than 28% of the hashrate connected to Foundry’s pool was in Texas."
Texas is home to roughly 13% of the global hashrate.
Sources:
https://theminermag.com/news/2024-01-16/bitcoin-hashrate-drop-texas-miner-curtail-grid/
https://miningpoolstats.stream/bitcoin
I just wrote this post whilst my S9 heater made livingroom 🔥⚡️
https://miningwholesale.eu
Livingroom warm ✅
Mining sats ✅
Opt out: Bitcoin🧡
Study, learn, hodl, decouple.
#bitcoin 🧡
▃▃▃▃▃▃▃▃▃▃▃▃▃▃▃
My savings account: Bitcoin
The tool I recommend for setting up a Bitcoin savings plan: @Relai 🇨🇭 🇨🇭 especially suited for beginners or people who want to invest in Bitcoin with an automated investment plan once a week or monthly. Hence a DCA, Dollar cost Average Strategy. Check out my tutorial post (Instagram) & video (YouTube) for more info.
⠀⠀⠀⠀
Get your Bitcoin out of exchanges. Save them on a hardware wallet, run your own node...be your own bank. Not your keys, not your coins. It’s that simple.🎯
⠀⠀⠀⠀⠀⠀⠀⠀
Do you think this post is helpful to you? If so, please share it and support my work with sats. 🧡
Felipe - BitcoinFriday
#zap 🧡 #nostr #BTC #Bitcoin #plebchain #grownostr #stacksats #bitcoineducation #adoption #Bitcoinmining #S9heater