PANews January 26 News, according to Cointelegraph, due to the impact of the US winter storm “Fern,” Foundry USA Bitcoin mining pool hash rate has been reduced by approximately 60% since last Friday. Data shows that its hash rate has decreased by nearly 200 EH/s, currently controlling about 198 EH/s, accounting for 23% of the global mining pool total hash rate. This reduction has extended its average block time to about 12 minutes.
The storm has swept through many parts of the United States, causing power outages for over one million residents. Other mining pools serving US users, including Luxor, have also implemented hash rate reductions to ease pressure on the power grid infrastructure. Bitcoin miners, as controllable load resources, can shut down during peak demand periods and restart during low demand, helping to balance the grid load. The current storm is affecting parts of the southeastern, northeastern, and midwestern United States.
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