PANews January 26 News, according to Cointelegraph, due to the impact of the US winter storm “Fern,” Foundry USA Bitcoin mining pool hash rate has been reduced by approximately 60% since last Friday. Data shows that its hash rate has decreased by nearly 200 EH/s, currently controlling about 198 EH/s, accounting for 23% of the global mining pool total hash rate. This reduction has extended its average block time to about 12 minutes.
The storm has swept through many parts of the United States, causing power outages for over one million residents. Other mining pools serving US users, including Luxor, have also implemented hash rate reductions to ease pressure on the power grid infrastructure. Bitcoin miners, as controllable load resources, can shut down during peak demand periods and restart during low demand, helping to balance the grid load. The current storm is affecting parts of the southeastern, northeastern, and midwestern United States.
Disclaimer: The information on this page may come from third parties and does not represent the views or opinions of Gate. The content displayed on this page is for reference only and does not constitute any financial, investment, or legal advice. Gate does not guarantee the accuracy or completeness of the information and shall not be liable for any losses arising from the use of this information. Virtual asset investments carry high risks and are subject to significant price volatility. You may lose all of your invested principal. Please fully understand the relevant risks and make prudent decisions based on your own financial situation and risk tolerance. For details, please refer to
Disclaimer.
Related Articles
A CEX’s trading volume over the past 24 hours reached $865 million, with XRP, BTC, and ONT leading the way in the top three positions
According to CoinGecko data, on April 3, a certain CEX had trading volume of $865 million; the top five tokens were XRP, BTC, ONT, USDT, and ETH, with XRP having the highest trading volume at 13.81%.
GateNews7m ago
Over the past 24 hours, the entire market was liquidated across the web to the tune of $248 million, with long liquidations totaling approximately $125 million.
Gate News update: On April 3, according to CoinAnk data, over the past 24 hours, liquidations across the entire market totaled $248 million, including approximately $125 million liquidated from long positions and approximately $123 million liquidated from short positions. By coin, Bitcoin liquidations were about $48.13 million, and Ethereum liquidations were about $28.34 million.
GateNews17m ago
2.8 万 BTC options expire today, with a notional value of $1.8 billion
On April 3, Greeks.live data showed that BTC and ETH options expiration conditions were weak. BTC options market share was above 80%, and rebuilding market confidence will require time and funding support.
GateNews22m ago
