I thought the hash rate drop off was just to do with energy in America being diverted away from hashing and towards cooling in the context of high temperatures in people’s homes.
But now I can’t unsee Sooly’s article.
I wrote this a few days ago. It feels relevant here.
nostr:nevent1qqsd6l3n705znlfas8p2l4jlmppdk6ncmf3q85fjtmwmu7vl3gm4ulczyp3h5tca5hf0cxtkc98vqruw4eqpttlfnwe92nca2d7spp4pd8wc7qcyqqqqqqgpzfmhxue69uhhwmm59e6hg7r09ehkuegpz9mhxue69uhkummnw3eryvfwvdhk6qgewaehxw309an8yet9d3shjtnndamxy6t59e5x7um5qyd8wumn8ghj7argv4nx7un9wd6zumn0wd68yvfwvdhk6vvrwh5
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