Bitcoin Hashrate Drops Nearly 40% as Deadly US Storm Unplugs Miners

The Bitcoin network hashrate has dropped by more than 38.8% from its peak, as many U.S.-based miners have been forced to switch down their facilities due to deadly blizzards. From a report: Bitcoin hashrate, the level of computing power used for mining and processing transactions, came in at 155.28 exahashes per second on Saturday, down from 253.88 exahashes on Wednesday, according to data from IntoTheBlock. A winter storm has claimed at least 32 lives across the U.S., as of Monday morning in Hong Kong, according to media reports.

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