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26/01/26 02:08 UTC-04

Hashrate of U.S. Mining Pools Nearly Halved in Two Days

The drop in hashrate was caused by a winter storm across the United States. The natural phenomenon was marked by freezing rain that led to power line outages, snow, and strong wind gusts. Currently, more than one million households in the U.S. are without electricity. The weather affected power generation, which resulted in miners being shut down, TheMinerMag reports.

Bitcoin’s hashrate, due to electricity supply restrictions at Foundry USA alone, dropped by nearly 60%. This affected the operation of the entire Bitcoin network — the interval between block generation increased to 12 minutes, the publication’s journalists noted.

A significant drop in hashrate has also been recorded at other mining pools with substantial participation from U.S. miners. For example, Luxor’s hashrate fell from 45 EH/s to 26 EH/s.

See also: "Bitdeer reports the world’s largest capacity of controlled mining equipment"

#Mining #USA

Editor: Yulia Krasnaya
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01/11/25 00:52 UTC-04

Major U.S. Miner Reveals Bitcoin Production Costs

According to a report by Riot Platforms, the cost of mining the leading cryptocurrency in 2024 amounted to $35,376 per coin. The 52% increase in global hashrate raised overall expenses, although part of the costs was offset through credit facilities.