Bitcoin Hashrate Recovers After Falling by Almost 40%

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The Bitcoin hashrate fell by about 38% due to the mass blackout of US miners from the network last week due to deteriorating weather conditions in the United States. According to data from CoinWarz, on December 25, the indicator fell to 170.6 exahashes per second (Eh/s),

To reduce the load on the energy infrastructure in the US, mining companies announced the suspension of crypto mining, which led to a drop in computing power.

The situation stabilized on Monday night, and in the afternoon the hashrate returned to 241.3 Eh/s.

According to the founder of FutureBit, John Stephanop, the collapse of capacities in the BTC network was due to a large-scale shutdown of Texas mining farms.

Louis Adams

I am an experienced crypto news writer. I have been in the industry for many years and believe this tech can bring financial freedom to everyone.