📣Blockchain industry news! Odaily Planet Daily reported that the halving of Bitcoin mining rewards has caused miners' profit margins to be squeezed, while the hash rate has hit new highs, and miners are feeling increased pressure in this crowded industry. 😅

However, as North America enters summer and a heat wave hits, this growth momentum is expected to slow in the coming months. 🌡️☀️

In the summer, the high temperature problem becomes more serious, and companies need more electricity to cool machines or stop operations due to high demand from energy consumers to turn on air conditioners. 😓

Many miners have to reduce operations in the summer, partly because of overheating of mining machines, and also because residential energy consumption reaches a high enough level to activate the demand response clause in the miners' power purchase agreement. 😰

Despite this, we remain optimistic about Bitcoin and look forward to future developments! 💪🚀