@ms16969 25 December 2022 more from that month

A blizzard in the US has worsened bitcoin mining by a third. Due to a winter storm that tore power lines, the bitcoin network lost almost 30% of its power. Riot Blockchain, Core Scientific, Compass Mining have disabled their installations. Blockchain hash rate dropped from 230 to 155 EH/s. This is the amount of computing power that is used to process transactions. The lower it is, the longer the blocks are mined and the lower the stability of the network