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In July, the income of bitcoin miners fell by 9%

by Vaibhav
August 6, 2022
in News
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In July, the income of bitcoin miners fell by 9%
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In July, the total income of miners of the first cryptocurrency amounted to $609.7 million. The indicator decreased by 9% compared to June.

The corresponding figure for Ethereum miners fell by 4%, to $679.4 billion. In the last period, the drop exceeded 50%.

As a result of the latest recalculation, the complexity of bitcoin mining decreased by 5.01% to 27.69 T. This was the maximum reduction in the indicator since the beginning of the year.

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Bitcoin hash rate increased by 4% to 211.93 EH/s. Since the beginning of the year, the indicator has increased by 16.6%.

Commissions in the bitcoin network in July remained almost unchanged, only occasionally exceeding the $2 mark. The indicator per Ethereum transaction continued to fall (-47% per month).

In early August, the mining company Marathon Digital Holdings agreed about opening a revolving credit line for $100 million from Silvergate Capital secured by bitcoin.

Recall at the end of July Canaan announced about plans to open a cryptocurrency mining enterprise in the United States.

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Formerly the largest Monero mining pool – MineXMR – announced the cessation 12th of August.

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