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

In July, the total income of miners of the first cryptocurrency amounted to $609.7 million. The indicator decreased by 9% compared to June, according to an analytical report by ForkLog.

Income of bitcoin miners by months, million $. Data: Glassnode.

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

Monthly income of Ethereum miners, $ million. Data: Glassnode.

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.

Difficulty of bitcoin mining. Data: Coin Metrics.

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

Bitcoin hashrate dynamics, EH/s. Data: Glassnode.

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).

Sponsor of the column “Bitcoin industry in numbers” – the global blockchain ecosystem Binance.

In early August, mining company Marathon Digital Holdings agreed to open a $100 million revolving line of credit from Silvergate Capital secured by bitcoin.

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

Previously, the largest Monero mining pool – MineXMR – announced the cessation of work on August 12.

Read ForkLog bitcoin news in our Telegram – cryptocurrency news, courses and analytics.

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About author

Oxford graduate with honors. He worked in large financial projects for well-known Wall Street corporations. After he earned his first capital and a reputation as a successful trader, he opened his own company. At the moment, the growth of the company's capital is 20% per year.
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