
Bitcoin Hashrate Drops 3% in June—Yet Mining Profits Soar 13%
Bitcoin’s hashrate saw a 3% decline in June, primarily due to weather-related disruptions in the U.S. But here’s the twist—mining profitability actually surged by 13%. How did this happen? Let’s dive into the details. Why Did Bitcoin’s Hashrate Drop in June? According to JPMorgan, cited by CoinDesk, the average monthly hashrate fell due to weather-related […]