When magnetic field lines thread a rotating black hole's horizon and connec
t with remote astrophysical loads, the rotational energy of the black hole
can be extracted through the Blandford-Znajek mechanism. Due to the rotatio
n of the black hole, the magnetic field lines are twisted and toroidal comp
onents are generated. Thus, poloidal electric currents are induced and the
black hole's rotational energy is transported to the astrophysical loads th
rough Poynting flux. The Blandford-Znajek mechanism has been considered to
be a possible process for powering extragalactic jets. In this Letter, we s
how that because of the screw instability of the magnetic field, the toroid
al components of the magnetic field, and thus the poloidal currents, cannot
exceed the limits given by the Kruskal-Shafranov criterion. This significa
ntly lowers the power of the Blandford-Znajek mechanism when the loads are
far from the black hole. So the Blandford-Znajek mechanism can only work ef
ficiently within the neighborhood of the black hole. The implications of th
e results for the scenario of extragalactic jets powered by the Blandford-Z
najek mechanism are discussed.