[ad_1]
Fast Take
The Bitcoin community is witnessing its most substantial drawdown of 2023. There was a big decline within the community’s hash charge, from a peak of 382 terahashes per second (th/s) all the way down to 360 th/s.
In line with a current report by the New York Submit, Texas is concurrently experiencing record-breaking energy demand as a result of an ongoing, historic warmth wave. This surge in vitality consumption is straining the state’s energy grid to its limits.
The extreme demand for energy and the ensuing stress on the grid has brought about a domino impact on numerous industries, notably impacting Bitcoin mining operations. Given the energy-intensive nature of cryptocurrency mining, some miners in Texas are confronted with the need to briefly droop operations, contributing to the noticed drawdown within the Bitcoin community’s hash charge.
The put up Report-breaking Texas energy demand amid largest Bitcoin hash charge drawdown of 2023 appeared first on CryptoSlate.
[ad_2]
Source link
