When Miners Power Down: Exploring the Hash Rate Dive and Miner Impacts!

Global Bitcoin hash rate experienced a dramatic 40% drop followed by a 50% recovery in 48 hours, with evidence pointing to North American miners curtailing operations due to summer heat rather than Middle East tensions. This curtailment coincides with the start of Texas's 4CP program where miners power down during peak demand periods in exchange for power credits and reduced transmission costs. • Bitcoin trading around $108,000 with miners showing strong performance • CleanSpark and IREN rac...