đ„ Texas Heatwave Sparks 15.8% Plunge in Bitcoin Hashrate
đ Just days after geopolitical tensions shook the crypto space, Bitcoinâs hashrate has now tumbled by nearly 16%, marking its sharpest decline in almost 3 years.
đ Whatâs causing it?
This time, itâs not market panic â itâs Texas heat.
With record-breaking temperatures, major Bitcoin miners in Texas are being forced to power down operations to stabilize the grid and manage energy demands.
đ° Add in U.S. airstrikes on Iran, and you have a perfect storm disrupting both infrastructure and investor sentiment.
đĄ Why it matters:
â«ïž A reduced hashrate can increase network vulnerability.
â«ïž It reflects the growing interdependence of energy, climate, and crypto.
â«ïž It's a strong reminder that Bitcoin mining isnât just digital â it's deeply physical.
đ As the climate and global tensions evolve, mining resilience and energy innovation will become the next big frontier.
#Bitcoin #Crypto #Hashrate #Texas #Blockchain
https://coingape.com/texas-heatwave-triggers-15-8-drop-in-bitcoin-hashrate/