US Storm Smashes Bitcoin Mining Power, Sending Hash Rates Tumbling

A fierce winter storm that swept much of the US over the weekend forced large parts of the Bitcoin mining fleet to cut power, leaving the network much weaker for a short time.Reports say power outages and extreme weather pushed some operators to pause or slow their rigs so local grids could breathe. The result was a dramatic, though temporary, fall in the total mining power securing the blockchain.
Miners Adjust Power Use
According to mining operators on the ground, the pause was intentional. Ma