30% hashrate offline as Texas miners stops operation

[Yugocean]

Bitcoin miners in Texas just stopped their mining operations due to the power grid's incapability in the extreme cold and the demand for returning the power to the grid. It is not known if miners are paid compensation or not, but already many miners are becoming bankrupt.

 

[Magnus2022]

No doubt about it, many miners will definitely lose their fund in the mining business. Bitcoin mining is no more profitable and the future look very bleak. If bitcoin continues to be bearish, a lot of miners will be in serious financial difficulties.

 

[Yohanna]

Bitcoin mining consumed huge electricity and it calls for a great concern

 

[fcbetting]

They will not get any money back. Mining is not under set by law as business so you can't ask any compesation back. But anything what cause working power grid can be shut down by goverment including mining.