Bitcoin
Bitcoin (BTC)
$67,050.00 -4.51159
Bitcoin price
Ethereum
Ethereum (ETH)
$3,228.28 -8.15092
Ethereum price
BNB
BNB (BNB)
$595.02 -1.91626
BNB price
Solana
Solana (SOL)
$153.02 -11.60692
Solana price
XRP
XRP (XRP)
$0.5458480 -10.34328
XRP price
Shiba Inu
Shiba Inu (SHIB)
$0.0000247 -10.34579
Shiba Inu price
Pepe
Pepe (PEPE)
$0.0000059 -19.7094
Pepe price
Bonk
Bonk (BONK)
$0.0000173 -20.62406
Bonk price
Bitcoin
Bitcoin (BTC)
$67,050.00 -4.51159
Bitcoin price
Ethereum
Ethereum (ETH)
$3,228.28 -8.15092
Ethereum price
BNB
BNB (BNB)
$595.02 -1.91626
BNB price
Solana
Solana (SOL)
$153.02 -11.60692
Solana price
XRP
XRP (XRP)
$0.5458480 -10.34328
XRP price
Shiba Inu
Shiba Inu (SHIB)
$0.0000247 -10.34579
Shiba Inu price
Pepe
Pepe (PEPE)
$0.0000059 -19.7094
Pepe price
Bonk
Bonk (BONK)
$0.0000173 -20.62406
Bonk price
Bitcoin
Bitcoin (BTC)
$67,050.00 -4.51159
Bitcoin price
Ethereum
Ethereum (ETH)
$3,228.28 -8.15092
Ethereum price
BNB
BNB (BNB)
$595.02 -1.91626
BNB price
Solana
Solana (SOL)
$153.02 -11.60692
Solana price
XRP
XRP (XRP)
$0.5458480 -10.34328
XRP price
Shiba Inu
Shiba Inu (SHIB)
$0.0000247 -10.34579
Shiba Inu price
Pepe
Pepe (PEPE)
$0.0000059 -19.7094
Pepe price
Bonk
Bonk (BONK)
$0.0000173 -20.62406
Bonk price
Bitcoin
Bitcoin (BTC)
$67,050.00 -4.51159
Bitcoin price
Ethereum
Ethereum (ETH)
$3,228.28 -8.15092
Ethereum price
BNB
BNB (BNB)
$595.02 -1.91626
BNB price
Solana
Solana (SOL)
$153.02 -11.60692
Solana price
XRP
XRP (XRP)
$0.5458480 -10.34328
XRP price
Shiba Inu
Shiba Inu (SHIB)
$0.0000247 -10.34579
Shiba Inu price
Pepe
Pepe (PEPE)
$0.0000059 -19.7094
Pepe price
Bonk
Bonk (BONK)
$0.0000173 -20.62406
Bonk price

Binance to compensate North American cloud miners after extreme weather conditions caused power outages

News
Binance to compensate North American cloud miners after extreme weather conditions caused power outages

Per a recent press statement, Binance will compensate cloud miners in the North American region after extreme weather conditions led to power shortages and disrupted mining activities.

They will offer a three-day Cloud Mining Product subscription extension to cover the affected days. Only subscribers from North America will benefit from the compensation.   

The company further assures subscribers of Cloud Mining Products another extension in case of extended power outages but hasn’t made any further announcements.

Christmas holiday in darkness without crypto mining

Most areas in the U.S. and Canada experienced massive storms on Christmas Eve, Christmas Day, and Boxing Day, leaving millions of households without electricity. Crypto mining companies in the region were significantly impacted. 

The National Weather Services termed the storm “life-threatening”, leading to the cancellation of flights. Roads, too, turned impassable and treacherous, forcing many people to cancel their Christmas plans.

The frigid temperatures overstretched the power grids leading to a power outage in the U.S. that has never happened in years. Businesses and homes from New England elongating to Texas operated without power as the storm continued. Residents of Maine and North Carolina suffered the most.

Mike Bryson, the Senior Vice President of Operations for the power grid provider covering Illinois to New Jersey, serving almost 65 million people, said it would ration power. In addition, the U.S. Energy Department indicated complete power failure in Texas resulting from an Artic winter blast.

Crypto miners could not operate because of power outages. The valid Binance cloud mining subscriptions they had elapsed without any usage, while those with lengthy subscriptions lost the three days.

Distraction in bitcoin mining

The storms experienced in the U.S. and other parts of North America caused a decrease in bitcoin’s hash rate, decreasing from 230 EH/s to 156 EH/s. Most miners did not operate during the storm, resulting in losses. The notice by Binance to compensate miners using Cloud Mining products comes when the hash rate goes down.

Follow Us on Google News