Home BlockchainBitcoin miners are making millions by shutting down because of a massive US winter storm

Bitcoin miners are making millions by shutting down because of a massive US winter storm

by Vivek Kumar
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bitcoin hashrate

A storm, a spike in power prices, and a wave of voluntary shutoffs turned block times into a lesson in miner incentives.

Earlier this week, a sweeping US winter storm pushed bitcoin hashrate on the storm pointed in the same direction, discussing how large industrial loads, including crypto mines and data centers, reduced power use during the event and how ERCOT’s demand expectations moved as conditions…

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