Several Bitcoin extraction companies said they had lowered BTC production in June, mainly due to energy reduction in Texas.
Riot Platforms produced 450 Bitcoin (BTC) during the month, a drop of 12% compared to May, when the company has undermined 514 BTC, she said on Thursday.
The CEO of Riot, Jason, said that the company’s power strategy includes “economic reduction” and voluntary participation in PEPP Four coincident (4CP) of the electricity reliability (4CP) and other response programs on demand.
He “contributes significantly to the stability of the network while improving the competitive positioning of Riot,” he added.
June marked the start of the ERCOT 4CP program, a price that captures demand costs on the market. It is designed to manage the highest electricity demand periods in June, July, August and September.
Large electricity consumers, such as bitcoin minors, face transmission costs according to their use during peak periods, so that they can voluntarily reduce operations.
Riot also indicated that it had sold 397 BTC for $ 41.7 million and currently holds 19,273 bitcoin.
The production of figures has affected
Cipher Mining reported this week that he had produced 160 BTC in June, sold 58 BTC and holds 1,063 bitcoin.
The company said that its June production numbers had been affected by a deliberate reduction as part of their “4CP proactive avoidance strategy”.
“This approach allowed the company to avoid costly 4CP penalties and to maintain its position as having some of the lowest electricity costs in industry,” he said.
In relation: Bitcoin production costs 9% on an increase in hashrate, energy prices
The installation of Cipher’s Black Pearl in Texas began to contribute to production at the end of June, but the overall monthly production was reduced due to the strategic reduction.
25% mining mara
Mara Holdings also reported a 25% reduction in production for June, with 211 bitcoins extracted against 282 the previous month. As of June 30, the company held a total of 49,940 BTC and did not sell during the month.
Mara CEO Fred Thiel said: “After a May record, production in June came down, with 211 blocks won for the month.”
He blamed the drop in “reduced availability of the reduction in weather conditions” and the temporary deployment of older machines in his establishment Garden City, Texas, while the damage linked to the storm were being repaired.
“The natural variability of the luck of blocks – a dynamic expected during the exploitation of our own mining swimming pool – has also contributed,” he said.
Cleanspark Bucks the trend
Meanwhile, Cleanspark increased its Bitcoin production by 6.7% in June, exceeding its mid -year hashrate target of 20 Exehashes per second (EH / S).
The company produced 445 bitcoin and sold 8, bringing its total assets to 6,591 bitcoin at the end of the month.
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