Register
Support Center

FAMEEX provides a user-friendly, secure, reliable, and excellent crypto trading experience. Download our mobile APP and Trade your Bitcoin anywhere and whenever you want!To trade

Search
Support CenterNewsBitcoin Miner Revenue Jumps by 50%
Bitcoin Miner Revenue Jumps by 50%
2022/03/08 18:01:35

Bitcoin (BTC) miner revenue jumped after the network saw its biggest-ever difficulty drop, data shows. According to figures from monitoring resource Blockchain.com, daily revenues have surged by over 50%.“Interesting dynamic” hits Bitcoin mining. Bitcoin mining is currently in a unique state of flux — around half of the hashing power is offline as miners relocate from China, and it remains unknown how quickly they will be able to come back online. At the same time, those miners unaffected by the Chinese rout have seen half their competitors disappear overnight, and profitability has gone up as a result. With data now coming in for the past few weeks, the scale of the changes is plain to see. Daily mining revenue was around $20.7 million on Friday, the day before the difficulty adjustment. A day later, it hit $29.3 million, and by Tuesday this week — $31.9 million.


Related Articles
Copyright © 2018-2021 FAMEEX.COM All Rights Reserved
FAMEEX APPMobile trading, anytime, anywhere
Download