Marathon Digital attributes 21% decline in Bitcoin mined to adverse weather conditions
Marathon Digital also noted that the decrease in transaction fees for June was not a cause for concern, highlighting that Bitcoin Ordinals had provided a boost in the previous month. Bitcoin mining company Marathon Digital has linked the recent slump in its total amount of Bitcoin's (BTC) mined in June to the weather conditions in Texas and a drop in transaction fees. According to a July 5 statement, Marathon Digital experienced a “21%" decline in June for the total amount of Bitcoin mined compared to the previous month of May. The primary reason cited for the decline of production in June – which saw 979 Bitcoin produced throughout the month – was the impact of the weather conditions in Texas, where Marathon's main operations are located. It's worth noting that June marks the transition from spring to summer in Texas. “The decreased production relative to last month was due to weather-related curtailment in Texas and a significant decrease in transaction fees.” ...