Marathon Digital blame weather conditions for mining 21% less Bitcoin in June
May balanced 75.6 degrees Fahrenheit, whereas June balanced 84 degrees Fahrenheit.Cointelegraph formerly 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 condition” in the state.It was further described that Marathon Digitals transaction costs fell to roughly “5.1%” of the total Bitcoin earned in June, compared to “11.8%” earned in May.It was noted that the “introduction” of Bitcoin Ordinals significantly increased deal charges in May, adding that while network congestion relieved in June, the company still has a favorable outlook for the “future of mining economics.” Related: Heating a home with a Bitcoin miner: Staying warm with satsThis is not the first time that weather this time of year in Texas has had a major effect on crypto miners.In July 2022, Peter Wall, CEO of crypto mining company Argo Blockchain, which runs an information center in West Texas, informed Cointelegraph that ERCOT sent out a preservation alert forcing Argo along with many other mining operators in the location had to temporarily shut down mining activities.In more current news, a report launched on July 5 by cryptocurrency analytics platform Coin Metrics exposed that Bitcoin miners made $184 million from deal costs in the 2nd quarter of 2023, which is more than they made throughout the whole year of 2022. The case for Bitcoin kids books
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