Bitcoin Miner Revenue Slows Down As BTC Price Slumps Sideways

Per a report from Hash Rate Index, Bitcoin miners continued to sell their supply during July. These entities have been negatively impacted by the decline in the price of BTC, and an increase in their operation cost which has resulted in financial stress for their operations. Related Reading: Bitcoin Miner Revenue Slows Down As BTC […]

Miners are likely starting to sell some BTC at this point. As the Bitcoin (BTC) price is reaching the highest levels since January 2018, Bitcoin mining is getting more profitable due to a number of factors.According to data from Blockchain.com, BTC miners revenue has soared to levels not seen since Bitcoin’s third halving in May 2020 that reduced the miner block reward from 12.5 BTC to 6.25 BTC.As such, BTC miners’ revenue hit $20.8 million on Nov. 4. According to Blockchain.com, the highest point recorded since September 2019, when miners’ block reward was twice as much as now.BTC miners....

Data shows the Bitcoin trading volume is now once again moving sideways at a low average value as activity on the network slows down to a crawl. Bitcoin Average Daily Trading Volume Returns Back To Below $4 Billion As per the latest weekly report from Arcane Research, the 7-day average BTC spot volume has once […]

Miner revenue for bitcoin had taken a hit following the China crackdown. The industry has had a long recovery period as miners had to find new locations to set up their mining operations after their exit from China. Hashrate had dropped and the price had taken a downward turn along with it. Over the past […]

Nasdaq-listed bitcoin miner manufacturer Ebang said the pandemic had disrupted its supply chain and led to a significant drop in revenue.