Marathon Digital blames weather conditions for mining 21% less Bitcoin in June
May balanced 75.6 degrees Fahrenheit, whereas June averaged 84 degrees Fahrenheit.Cointelegraph 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 season weather” in the state.It was additional described that Marathon Digitals transaction fees fell to approximately “5.1%” of the overall Bitcoin earned in June, compared to “11.8%” made in May.It was noted that the “development” of Bitcoin Ordinals substantially increased transaction fees in May, adding that while network blockage eased 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 first time that weather this time of year in Texas has had a significant impact on crypto miners.In July 2022, Peter Wall, CEO of crypto mining company Argo Blockchain, which runs a data center in West Texas, told Cointelegraph that ERCOT sent out a preservation alert forcing Argo along with lots of other mining operators in the area had to temporarily shut down mining activities.In more recent news, a report launched on July 5 by cryptocurrency analytics platform Coin Metrics exposed that Bitcoin miners made $184 million from transaction fees in the second quarter of 2023, which is more than they made throughout the whole year of 2022. The case for Bitcoin kids books