The Bitcoin network hashrate has dropped by more than 38.8% from its peak on Wednesday, as many U.S.-based miners have been forced to switch down their facilities due to deadly blizzards. Bitcoin hashrate, the level of computing power used for mining and processing transactions, came in at 155.28 exahashes per second on Saturday, down from 253.88 exahashes on Wednesday, according to data from IntoTheBlock. Bitcoin miner Riot Blockchain tweeted on Thursday that it was closing down its facility “due to the extreme weather condition in Texas.” (forkast)
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Bitcoin Hashrate Drops Nearly 40% as Deadly U.S. storm Unplugs Miners
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