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, it’s reasonable to expect US-based miners to have heat-induced curtailments.”
David Plouffe, Kamala Harris Campaign Adviser, Joins Coinbase Advisory Council
David Plouffe, who worked as an adviser on former US Vice President Kamala Harris’ 2024 presidential campaign, will be joining...
