Odaily Planet Daily reports that according to Cloverpool data, the total network hash rate of Bitcoin recently dropped rapidly from approximately 1.16 ZH/s to 690 EH/s, marking the largest single decline in history. Subsequently, the hash rate began to recover and is currently around 859.17 EH/s.
Analysis suggests that this significant fluctuation in hash rate may be related to extreme weather conditions in the United States. A winter storm named “Fernan” has caused extreme low temperatures, heavy snowfall, and freezing weather in multiple parts of the US, resulting in power outages for over 1 million residents. Several power grid operators have issued energy-saving alerts. Against this backdrop, some US mining farms may have shut down either due to power outages or to stabilize the grid, leading to a significant short-term decrease in the Bitcoin network hash rate.
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
Bitcoin Core v31.0 Released With GUI Upgrade and Enhanced Privacy Features
Bitcoin Core v31.0 has been released, featuring upgrades like Qt 6.8 and increased database cache. It introduces private broadcast support and removes static transaction fees, enhancing privacy and security in wallet commands.
GateNews1h ago
Bitcoin Spot ETFs See $238.37M Net Inflows, BlackRock IBIT Leads With $256.05M
On April 20, Bitcoin spot ETFs experienced net inflows of $238.37 million, with BlackRock's IBIT leading at $256.05 million. Grayscale's GBTC and Fidelity's FBTC saw net outflows.
GateNews2h ago
Strategy Purchases $2.54B in Bitcoin, Largest Weekly Buy Since November 2024
US software company Strategy purchased $2.54 billion in bitcoin, primarily funded by preferred share sales, marking its largest weekly acquisition since November 2024. It now holds $61 billion in bitcoin and plans to increase dividend payments to stabilize share price.
GateNews3h ago
Bitcoin, Ethereum Lead US Congress Members' Crypto Holdings Under STOCK Act Disclosure
The 2012 STOCK Act mandates disclosure of trades over $1,000 by US lawmakers. Bitcoin is the most popular among them, with many holding substantial amounts. Other coins like Ethereum, Solana, and lesser-known cryptocurrencies are also present in their portfolios.
GateNews3h ago
BlackRock Withdraws Over $255M in BTC from Major CEX in 8 Hours
Gate News message, April 21 — According to on-chain analyst Onchain Lens, BlackRock withdrew 3,372 BTC, valued at approximately $255.86 million, from a major CEX over the past 8 hours.
GateNews4h ago
