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.”
Bitcoin Price (BTC) Falls After U.S. Sends $240M Worth Seized BTC to Coinbase Prime
Some 3,940 bitcoin originally seized from a Silk Road vendor was moved by the the wallet, according to an Arkham...