Bitcoin Hashrate Decreases in Summer Due to Cooling Costs

Analysts note that during warmer months, the Bitcoin network’s hashrate and energy consumption decrease. This is because cooling costs for mining devices increase, making mining less profitable.

From June to August, many miners reduce their mining volumes or temporarily shut down equipment. This leads to a decrease in the network’s total computational power and can affect mining difficulty.

Experts recommend that miners invest in more efficient cooling systems and consider locating equipment in regions with cooler climates.