The passion for mining remains strong in May | Summary of basic mining data in May

The overall tone of the mining industry in May maintained an upward trend. Affected by market conditions, the prices of mining machines/computing power were generally hit. Judging from the fluctuation curve of mainstream mining machine prices in May, the monthly fluctuations of models above Shenma M30 were relatively small, basically controlled within 10%. The value retention of new large-computing power mining machines shows that the enthusiasm of miners to increase their investment remains unabated, and the positive sentiment remains basically unchanged.

In addition, from the perspective of another core data - payback period, the six-month payback line still exists. A large number of mining machines can achieve an investment return rate of six months, which is an important pillar for miners to remain optimistic.

In addition, the greater volatility in mining machine prices has highlighted the attributes of mining machines as investment products. The overall transaction volume of the mining machine/computing power trading platform VeryHash increased significantly in May, and the profit opportunities of computing power trading have doubled.

In June, miners will continue to face increased uncertainty. All market changes will have an impact on miners' decisions. Pay attention to VeryHash to learn about the latest changes in the mining industry and adjust strategies in a timely manner.

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