Affected by the halving event and the decline in the number of new wallets, Bitcoin miners' income has hit a record low in the past two months
2024-06-23 23:52
Odaily News Data shows that following the block reward halving event on April 20, Bitcoin miners' revenue per TH/s (7-day MA) has hit a record low in the past two months. In addition to the halving, another possible reason for the reduction in miners' income is the low number of new wallets entering the Bitcoin ecosystem, which is currently at its lowest level since 2018 (7-day MA). It is worth mentioning that mining company CleanSpark is still performing well, and its stock price has outperformed Bitcoin so far this year. In addition, the stock prices of Bitcoin miners Bitfarms and Core Scientific have also outperformed Bitcoin, but smaller miners have been struggling. (The Block)
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