Cold weather in the United States reduces the difficulty of Bitcoin mining for the first time in four months."
Internet reports that due to the impact of the cold wave in the United States, rising electricity prices have led to a reduction in the difficulty of Bitcoin mining for the first time since the end of September 2024. According to statistics from bitcoin mining company Luxor, the United States accounts for 36% of global bitcoin computing power, of which Texas contributes nearly half. The polar cold current in January increased electricity costs in the United States, frustrated the profits of mining companies, and lowered the difficulty of mining on January 27. In the previous six months, the difficulty of mining dropped only twice. Luxor expects that as temperatures warm, computing power will gradually return to stability. In addition, some U.S. mining companies, such as Riot Platforms, are planning to shift some of their computing power to AI and high-performance computing businesses to reduce the risk of market fluctuations.
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