Cointelegraph••1 min read
Bitcoin Hashrate Dips Amid US Winter Storm: Mining Power Impacted
The Bitcoin hashrate experienced a temporary decline, reaching levels last seen in mid-2023, reportedly due to a winter storm in the United States. According to data from Hashrate Index, the United States accounts for a significant portion of the global Bitcoin mining hashrate, estimated at nearly 38%. The development highlights the geographical concentration of Bitcoin mining power and its potential vulnerability to regional events such as extreme weather. This incident underscores the importance of geographical distribution in maintaining the network's resilience.
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