The hashrate has begun to decrease after reaching a record high in March. As of June 17, it has fallen by 10% to 589 EH/s, according to data from Hashrate Index. With most miners located in the U.S., specifically in hot Texas, the closure of mining operations in North America is likely to impact hashrate growth. “Approximately 37% of all Bitcoin mining occurs in the United States,” stated Blockware. “As temperatures rise during the summer, it is expected that U.S.-based miners will reduce operations due to heat.”
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