Report: Foundry USA’s hashrate has dropped by 60% since Friday due to winter storms
According to Jinse Finance, Foundry USA, the digital asset advisory company of the world's largest bitcoin mining pool, has reduced its hashrate by about 60% since last Friday due to severe winter storms sweeping across large areas of the United States. According to TheMinerMag: "Under ongoing power restrictions, Foundry USA's bitcoin hashrate has dropped by nearly 200 EH/s (exahashes per second) since Friday, a decrease of about 60%. The temporary block time for bitcoin blocks has slowed to 12 minutes." According to Hashrate Index data, Foundry USA still controls about 198 EH/s of hashrate, accounting for approximately 23% of the global mining pool's total hashrate. Bitcoin network hashrate refers to the total computing power miners dedicate to securing the proof-of-work (PoW) mechanism. These power restriction measures have also affected other mining pools serving U.S. users, including Luxor. As winter storm Fern sweeps across the U.S., many miners have been forced to adjust their energy usage to ease the pressure on grid infrastructure.
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