News & Insights: Are Miners Enjoying Summertime?

Profitability recovers slightly as price increases and difficulty decreases

Last week there was some positive price development as BTC broke out of resistance. Meanwhile hashrate came down significantly as inefficient mining machines came offline and power curtailments due to a heatwave in the US impacted big Northern American miners. Miners that are staying online are starting to enjoy the summer because difficulty went down a…