The data shows that following the block reward halving event on April 20, the revenue earned by bitcoin miners 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 decrease in miner 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 share price has outperformed bitcoin so far this year. In addition, bitcoin mining companies Bitfarms and Core Scientific have also outperformed bitcoin, although smaller mining companies have been struggling. (The Block)
Affected by the halving event and the decrease in the number of new wallets, bitcoin miners' income hit a new low in the past two months
2024-06-23 23:59:37
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