Marathon Digital attributes 21% decline in Bitcoin mined to adverse weather conditions

Source: Marathon GlobeNewsWireCointelegraph previously reported on Feb 6 that crypto mining firm Riot Platforms saw 17,040 rigs go offline at its operations in Texas due to “severe winter weather” in the state.It was more explained that Marathon Digitals transaction charges fell to around “5.1%” of the overall Bitcoin made in June, compared to “11.8%” made in May.It was noted that the “introduction” of Bitcoin Ordinals significantly increased transaction fees in May, including that while network congestion reduced in June, the business still has a favorable outlook for the “future of mining economics.” Related: Heating a house with a Bitcoin miner: Staying warm with satsThis is not the very first time that weather this time of year in Texas has actually had a significant effect on crypto miners.In July 2022, Peter Wall, CEO of crypto mining business Argo Blockchain, which runs a data center in West Texas, told Cointelegraph that the business curtails mining operations when ERCOT sends out a preservation alert.In more recent news, a report released on July 5 by cryptocurrency analytics platform Coin Metrics revealed that Bitcoin miners made a $184 million from transaction costs in the second quarter of 2023, which is more than they made throughout the entire year of 2022. The case for Bitcoin kids books