Technology
Blackout spooks bitcoin miners in northern China – Micky News
Multiple Chinese Bitcoin (BTC) mining pools were negatively affected when power in Northwest China went off without warning this week. Significant drops in th
Significant drops in the hash rate of major pools were observed following the power outage, with Poolin plummeting by 33%, Antpool falling 25%, Binance Pool dropping 20%, and BTC.com plunging 19%.
Aside from these, there are still a number of BTC mining operations that experienced the same ill effect, reminding us that Bitcoin mining is directly relative and dependent on power consumption.
What Caused the Black Out?
In various news reports following the incident, it was revealed that a comprehensive…
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