Snowstorm Sweeps Across the U.S.: A Test of the Stability of the Bitcoin Network
The severe snowstorm that recently hit the Central and Eastern U.S. has caused significant disruptions to Bitcoin mining activities in the region. As temperatures fell below freezing, large mining operations proactively reduced electricity consumption to alleviate pressure on the national power grid. Data from Foundry USA indicates that the hash rate (#hashrate ) dropped sharply from 260 EH/s to 124 EH/s in just one day. This decline is not a sign of crisis, but rather evidence of the system's flexible adaptability to extreme weather phenomena.
Although block creation time was temporarily extended, Bitcoin's difficulty adjustment mechanism still ensures the network operates smoothly. The support in reducing electricity consumption from miners helps maintain stability for residents under harsh weather conditions. Experts suggest that the system is "doing what it needs to do" under significant pressure. The collaboration between the digital asset mining industry and power supply entities is creating a sustainable symbiotic model. As the power grid stabilizes, transaction activities and block verification will quickly return to their original state, affirming the resilience of the global decentralized financial infrastructure. $BTC
