Argo Produces More BTC in January due to Lighter Winter

According
to today’s press release, the production was increased due to the easing of the
harsh winter conditions which hit the United States in December and caused
mining rigs to be shut down for several days. However, the positive effects of
calmer winter have been somewhat limited by the constantly rising network and
Bitcoin (BTC) mining difficulty. Compared to the previous month, the difficulty
measures rose by 3% in January 2023.

Argo
Blockchain produced 168 BTC in January while mining 147 tokens a month earlier.
At the end of the month, the company had 115 Bitcoin in its inventory, handling
a total hashrate
Hash Rate

A hash rate is the measure of a cryptocurrency miner’s performance and a key security metric. In the context of mining, the more hashing or computing power in a given network, the greater its security and its overall resistance to attackMining hashrate is a key security metric. The more hashing (computing) power in the network, the greater its security and its overall resistance to attack. Hash rate is also a measurement of the output of a device that is used to add transactions to a blockchain

A hash rate is the measure of a…