In June, miners were hyperactive despite the bear market. For example, last month, Riot Blockchain mined 421 bitcoins, even though it was only able to obtain 243 coins in a previous move.

In other words, Riot increased productivity by 73% amid the cryptocurrency crash. The power output of 42,445 Riot gear is 4.4 EH/s.

Riot sold coins in June, but not many: only 300 coins were sold, while competitors dropped many more. Riot now has 6,654 bitcoins worth $135 million.

The company is also moving capacity from New York to Texas, where there are more comfortable working conditions and a developed energy infrastructure. The average price per kilowatt of electricity in Texas is only $0.13, while in the Northeast part of the country it is almost twice as high, coming in at $0.25.

The weakening in pool activity is indicated by the fact that the total bitcoin hashrate is declining this week. They dropped to 207.1 EH/s.

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Source: IXBT

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