Winter Storm Triggers Decline in Bitcoin's Hash Rate
Bitinfocharts documented the dramatic decline, revealing that Bitcoin's hash rate collapsed 37% between January 23 and January 25 as mining facilities across the nation went dark.
The shutdown comes as mining operators voluntarily power down their energy-intensive equipment to alleviate pressure on electrical systems buckling under unprecedented demand from the deep freeze, according to industry experts.
The crisis unfolds against a backdrop of catastrophic winter weather pummeling America. Historic snowfall has paralyzed communities nationwide, with accumulations surpassing 30 centimeters (11.8 inches) in multiple regions.
Transportation networks have ground to a halt while educational institutions remain shuttered as hazardous snow and ice conditions persist across affected zones.
The scale of the weather emergency is staggering. The US National Weather Service reports more than 200 million Americans are now facing life-threatening conditions, with dangerous ice coating southern territories while fierce snowstorms pummel the Northeast.
The voluntary mining shutdowns represent a critical test of the cryptocurrency sector's relationship with American energy infrastructure during peak crisis moments.
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