Bitcoin’s hash rate plummeted roughly 38% in the run-up to the holiday weekend as U.S.-based miners shut down operations during a bout of extreme weather.
What meteorologists are calling a “bomb cyclone,” which has stirred up blizzard-like conditions in some places, has left many in Maine and New York without power, according to data from PowerOutage.us. As of Friday, December 23, there were more than one million businesses and homes without power.
This has also taken a deep toll on various…
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