GEM Mining Releases Bitcoin Mining Update For May
The mining company increased total miners and hash rate, but increasing difficulty and a lower average BTC price drove metrics down for the month of May.GEM Mining released production updates for the month of may showing a 25% decrease in revenue.The company increased its total bitcoin miners and hash rate, however the increased difficulty of mining and lower average BTC inevitably made the difference. Year-to-date, GEM Mining has produced 1,160 BTC valued near $34.8 million.GEM Mining, a privately owned, South Carolina-based bitcoin mining company, just released its bitcoin production....
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