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December 30 2022

Bitcoin hashrate is growing after falling by 38% over the weekend

Last week, the hashrate of bitcoin fell by about 38% due to the massive disconnection of American miners from the network. On December 25, the capacity decreased to 170.6 hashes per second (Eh/s), this is evidenced by the data of the CoinWarz service.

The disconnection of miners from the bitcoin network occurred due to the deterioration of weather conditions in the United States. Millions of people are faced with the problem of energy supply.

In order to reduce the load on the network, mining companies announced the suspension of cryptocurrency mining, which led to a strong drop in computing power.

The situation stabilized on Monday night, and in the afternoon the hashrate returned to 241.3 Eh/s.

As FutureBit founder John Stephanop noted, the collapse of capacities in the BTC network occurred due to the massive shutdown of Texas mining farms.

At the moment, the United States occupies the first place in the ranking of states, which accounts for the largest hashrate of bitcoin (37.84%). By the number of mining enterprises in the country, the states of New York, Kentucky, Georgia and Texas are leading.

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