Foundry USA hashrate drops ~60% amid US winter storm curtailments

Winter storm Fern has triggered widespread power outages across the US, prompting Bitcoin miners to curtail operations to ease grid strain.

The Bitcoin mining hashrate secured by Foundry USA’s mining pool fell by roughly 60% since Friday as miners across the United States curtailed operations in response to severe winter weather.

“Bitcoin hashrate on Foundry USA alone is down by nearly 200 exahashes per second (EH/s), or 60%, since Friday amid continued curtailment. Temporary block production has slowed down to 12 minutes,” according to TheMinerMag. 

FoundryUSA still commands about 198 (EH/s) of hashing power, accounting for about 23% of the global mining pool hashrate, data from Hashrate Index shows. 

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