BlockBeats News, February 2nd, according to Cointelegraph, the latest data shows that the impact of the January winter storm on Bitcoin mining operations is more pronounced. Data indicates that during the storm, the daily average output of listed mining companies dropped significantly.
This storm swept through most of the mainland United States, forcing miners to reduce operations due to grid pressure, snow accumulation, freezing, and extreme cold weather, highlighting the close relationship between mining activities and energy market conditions.
CryptoQuant Research Director Julio Moreno shared data indicating that in the weeks leading up to the storm, the daily average output of listed mining companies tracked by CryptoQuant was typically between 70 and 90 Bitcoins, but during the peak of the storm, this number dropped to about 30 to 40 Bitcoins per day.
Disclaimer: The information on this page may come from third parties and does not represent the views or opinions of Gate. The content displayed on this page is for reference only and does not constitute any financial, investment, or legal advice. Gate does not guarantee the accuracy or completeness of the information and shall not be liable for any losses arising from the use of this information. Virtual asset investments carry high risks and are subject to significant price volatility. You may lose all of your invested principal. Please fully understand the relevant risks and make prudent decisions based on your own financial situation and risk tolerance. For details, please refer to
Disclaimer.
Related Articles
AI Agent Test: "Bitcoin, USD" Choose One, 36 Models Overwhelmingly Prefer BTC: More Stable and Reliable than Fiat Currency
Research from the Bitcoin Policy Institute shows that among 36 AI models, 48.3% prefer Bitcoin, with no models choosing fiat currency. Bitcoin is favored for long-term value preservation, while stablecoins outperform Bitcoin in payment scenarios. The study also acknowledges methodological limitations, and AI preferences do not necessarily reflect actual adoption.
動區BlockTempo3m ago
Yesterday, US Bitcoin spot ETF saw a net inflow of $225 million, while Ethereum ETF experienced a net outflow of $10.8 million.
On March 4th, the US Bitcoin spot ETF saw a net inflow of $225.2 million, with BlackRock's IBIT experiencing the largest inflow and Fidelity's FBTC experiencing significant outflows; the Ethereum spot ETF had a net outflow of $10.8 million, with Fidelity's FETH experiencing the largest outflow.
GateNews21m ago
AI Agents Prefer Bitcoin Over Fiat, New Study Finds
A Bitcoin Policy Institute study delves into how artificial intelligence models choose among money forms in a variety of hypothetical scenarios, revealing a strong inclination toward Bitcoin and digital money over fiat in most cases. The research tested 36 models across six providers and generated m
CryptoBreaking38m ago
Ray Dalio: Bitcoin is not suitable as a long-term store of value or a hedge asset
ChainCatcher News, Bridgewater Associates founder Ray Dalio stated on Tuesday's All-In Podcast that Bitcoin is not suitable as a long-term store of value or hedge asset, citing reasons such as lack of central bank support, as well as uncertainties surrounding its privacy protections and quantum resistance.
He said Bitcoin cannot become "digital gold," emphasizing that "there is only one gold in the world." Gold is not a speculative precious metal, but "the most mature form of currency," and it is the second-largest reserve asset held by central banks worldwide. He also expressed difficulty understanding why central banks would buy and hold Bitcoin long-term.
GateNews50m ago
Ray Dalio warns of four major weaknesses of Bitcoin: BTC is unlikely to become a hedge asset, and there is only one gold in the world
Ray Dalio pointed out in an interview that gold is the only reliable hedge asset, warning that Bitcoin cannot become a long-term store of value due to four major flaws: privacy issues, lack of backing, technological risks, and its correlation with tech stocks. He analyzed the fiscal crisis facing the United States and called on investors to pay attention to historical cycles and financial balance.
ChainNewsAbmedia1h ago
