Massive US Storm Forces Bitcoin Miners Offline – What Does That Mean for Bitcoin Holders?
A extreme Arctic blast sweeping throughout the United States has compelled Bitcoin miners to take greater than 110 exahashes per second of computing energy offline, briefly slowing block manufacturing to 12 minutes as operators curtail operations to ease pressure on regional energy grids, in keeping with The Miner Mag.
The widespread shutdowns mark one of many largest coordinated mining curtailments for the reason that 2021 Texas grid disaster, with FoundryUSA’s hashrate dropping almost 60% since Friday.
Real-time knowledge from Mining Pool Stats exhibits FoundryUSA’s hashrate fell from roughly 340 EH/s to roughly 242 EH/s over the weekend, whereas Luxor recorded an analogous decline from about 45 EH/s to round 26 EH/s.
Smaller reductions appeared throughout Antpool and Binance Pool, although these swimming pools serve much less U.S.-concentrated operations, suggesting whole curtailments might exceed the preliminary 110 EH/s estimate, The Miner Mag reported.
Grid Operators Report Stability Despite Extreme Cold
The hashrate pullback coincided with a extreme Arctic air mass pushing subfreezing temperatures, snow, and ice deep into the central and japanese United States.
Grid operators throughout a number of states issued conservation alerts as heating demand surged, but Texas’s grid operator ERCOT reported on Friday that circumstances remained secure regardless of the chilly climate.
The stability contrasts sharply with February 2021, when Winter Storm Uri triggered widespread outages and extended blackouts throughout the state.
Since that disaster, Texas has added substantial large-load capability, a lot of it tied to Bitcoin mining and knowledge middle operations.
Unlike conventional industrial hundreds, many Bitcoin miners take part in demand response applications, permitting them to quickly curtail consumption in periods of grid stress.
As famous by The Miner Mag, this flexible-load mannequin represents a dynamic shift from the 2021 situation, when such infrastructure didn’t exist to help grid balancing throughout excessive climate occasions.
Singapore-based miner Bitdeer, which operates over 293,000 rigs globally, together with services in Texas, mentioned in an announcement that it doesn’t anticipate main disruptions from the storm.
An organization spokesperson defined that the Electric Reliability Council of Texas considers Bitcoin miners “giant versatile hundreds,” which means they’ll curtail electrical energy utilization on request, not like different industrial customers with agency electrical calls for.
“Bitdeer stands prepared to totally help the grid ought to provide constraints happen,” the spokesperson added.
The curtailments come as Bitcoin’s seven-day common community hashrate had already declined to about 992 EH/s, down roughly 13.7% from the all-time high of above 1.15 ZH/s reached in October, in keeping with knowledge reported by The Miner Mag final week.
The moderation follows Bitcoin’s market price falling nearly 30% from its October peak, prolonging stress on mining economics by holding competitors for block rewards elevated whilst revenues per unit of computing energy fell.
Storm Threatens 60 Million People Across 1,800 Miles
The huge winter storm extends for 1,800 miles from far west Texas to the mid-Atlantic coast, threatening to have an effect on upwards of 60 million folks throughout greater than a dozen states, in keeping with AccuWeather.

AccuWeather Senior Vice President Evan Myers warned that the mixture of snow, ice, and bitter chilly throughout such a big space would “stall every day life for days,” with some energy outages lasting by prolonged intervals as Arctic air expenses in behind the storm.
About 60 million folks will expertise icing circumstances, with doubtlessly 1 million folks with out energy for an prolonged interval, AccuWeather estimated.
AccuWeather Chief Meteorologist Jon Porter famous that many areas hit arduous by Hurricane Helene in September 2024 nonetheless have momentary energy strains that “might come down extra simply than everlasting strains,” doubtlessly stretching restoration sources and personnel to the restrict throughout North Carolina and different affected states.
The storm’s depth has already prompted hundreds of flight cancellations throughout the area as airways take care of displaced plane and crews.

AccuWeather Storm Warning Meteorologist William Clark cautioned that “complete provide chains might break down from extended days of intensive interstate closures,” warning that essential provides, together with prescription drugs and primary requirements, might grow to be scarce within the hardest-hit areas.
The United States controls almost 38% of the worldwide Bitcoin hashrate in keeping with estimates from Hashrate Index, making American mining operations essential to community safety.
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