Marathon Digital Blames Weather for Mining 21% Less Bitcoin in June
The transition from spring to summer in Texas was a major factor behind Marathon Digital's 21% drop in Bitcoin in June , according to a statement.
News Join us on social networksBitcoin mining company Marathon Digital has linked the recent drop in its total amount of Bitcoin (BTC) mined in June to weather conditions in Texas and a drop in transaction fees.
According to a July 5 statement, Marathon Digital recorded a "21%" drop in June for the total amount of Bitcoin mined compared to the previous May.
The main reason given for the drop in production in June – which saw 979 Bitcoins produced throughout the month – was the impact of weather conditions in Texas, where Marathon's main operations are located.
"The decrease in production compared to last month is due to weather-related restrictions in Texas and a significant drop in transaction fees."
It should be noted that the beginning of June marks the transition from spring to summer in Texas.
According to data from the National Weather Service in Dallas, Texas, there was a jump of nearly 8.4 degrees Fahrenheit in the average temperature between May and June. May averaged 75.6 degrees Fahrenheit, while June averaged 84 degrees Fahrenheit.
Cointelegraph previously reported on February 6 that crypto-mining firm Riot Platforms saw 17,040 rigs go offline across its operations in Texas due to "harsh winter weather" in the state.
It was further explained that the Marathon Digital transaction f...
The transition from spring to summer in Texas was a major factor behind Marathon Digital's 21% drop in Bitcoin in June , according to a statement.
News Join us on social networksBitcoin mining company Marathon Digital has linked the recent drop in its total amount of Bitcoin (BTC) mined in June to weather conditions in Texas and a drop in transaction fees.
According to a July 5 statement, Marathon Digital recorded a "21%" drop in June for the total amount of Bitcoin mined compared to the previous May.
The main reason given for the drop in production in June – which saw 979 Bitcoins produced throughout the month – was the impact of weather conditions in Texas, where Marathon's main operations are located.
"The decrease in production compared to last month is due to weather-related restrictions in Texas and a significant drop in transaction fees."
It should be noted that the beginning of June marks the transition from spring to summer in Texas.
According to data from the National Weather Service in Dallas, Texas, there was a jump of nearly 8.4 degrees Fahrenheit in the average temperature between May and June. May averaged 75.6 degrees Fahrenheit, while June averaged 84 degrees Fahrenheit.
Cointelegraph previously reported on February 6 that crypto-mining firm Riot Platforms saw 17,040 rigs go offline across its operations in Texas due to "harsh winter weather" in the state.
It was further explained that the Marathon Digital transaction f...
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