Bitcoin Hashrate May Finally Slow as Miners Face Scorching Summer Heatwaves
In fact, the hashrate has already started to come down since reaching an all-time high in March. As of June 17, it is lower by 10% to 589 EH/s, according to Hashrate Index data. Since most miners are located in the U.S., particularly in steamy Texas, companies in North America shutting down their operations will likely make a dent in the hashrate growth. According to data from the University of Cambridge, roughly 37% of all Bitcoin mining takes place in the United States, said Blockware. As summer continues heating up, its reasonable to expect US-based miners to have heat-induced curtailments.
Source: CoinDesk
The post Bitcoin Hashrate May Finally Slow as Miners Face Scorching Summer Heatwaves appeared first on Crypto Breaking News.
Text source: Crypto Breaking News
