About 40% of the Bitcoin network hashrate was offline on Christmas Eve, as miners in the U.S. unplugged their machines during a powerful storm. egreechee reports
Miners across the U.S. powered down over the weekend as a powerful storm swept across North America.
The Bitcoin mining hashrate, a measure of computing power on the blockchain, dropped about 100 exahash per second , or 40%, to 156 EH/s, between Dec. 21 and Dec. 24,The practice, known as curtailment, is touted as a way for miners to help electricity grids. They miners' steady demand that ensures power producers are bringing in revenue to offset costs, but can power off when demand from other sources is high, such as during winter storms.
The U.S. and Canada have been hit by an arctic storm that sent temperatures as low as -50°F in the western U.S. state of Montana,
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