Miners’ revenue increased by 57%, returning to mid-2020 levels
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According to glassnode data, since the halving in May 2020, the total income of miners has dropped from around 9.5 BTC/EH in May to a low of 5.6 BTC/EH. With the adjustment of the protocol difficulty, miners who remain online now have a 57% increase in BTC income, with a yield of about 8.8 BTC/EH. At the same time, the net increase in chips in the hands of miners has now reached +5000 BTC/month, indicating that the forced selling pressure from miners has decreased. |
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