Bitcoin Network Hash Rate Sees Record Drop, Possibly Linked to Extreme Weather in the United States

BlockBeats News, January 28th, according to Cloverpool data, recently, the Bitcoin network's total computing power plummeted rapidly from 1.16 ZH/s to 690 EH/s, marking the largest drop in history. It then began to rebound and is currently at 859.17 EH/s.

Some analysts pointed out that this rapid decline in mining power was due to the impact of the U.S. winter storm. The storm, named "Fernan," brought extreme cold, snow, and ice storms to most parts of the U.S., leading to power outages for over 1 million residents. Power grid operators have also successively issued energy-saving alerts. Many U.S. mining pools have been affected by or forced to shut down due to this storm, resulting in a continued decline in mining power.