Bitcoin Hashrate Slides as Texas Miners Curtail Hashpower to Bolster the Grid
Bitcoin’s total hashrate tapped a low of 170 exahash per second (EH/s) on Dec. 25, as reports noted that bitcoin miners in Texas curtailed their hash power during a massive winter freeze. Statistics show that close to 100 exahash dropped off the network but rebounded from the 170 EH/s low to 240 EH/s by 12:00 p.m. (ET). Texas Bitcoin Miners Curtail Computational Power After reaching 272 exahash per second (EH/s) on Dec. 24, 2022, the network’s hashrate plunged during the early hours the very next day as it dropped to 170 EH/s. A myriad of reports detail that because of the cold weather in Texas, bitcoin miners located in the area have voluntarily shut down operations. Bitcoin supporter Dennis Porter shared a screenshot of a message from the bitcoin mining operation Lancium as the business shut down its Ft. Stockton facility to give more power to the grid. “Bitcoin miners have once again voluntarily shut off power during an extreme weather event in Texas,” Porter tweeted. “Bitcoi...