Bitcoin miners have been one of the worse-hit following the decline in the price of the digital asset. After what can be said to be a wonderful run towards the end of 2021, the miners have now hit a rough patch where their revenues have been dropping. The previous week would prove to be no different, signaling a continuation of lower cash flow on the part of miners, as the daily miner revenues remain depressed in the first week of June.
Bitcoin Miners Take A Hit
Bitcoin miners have not had the best couple of months now. With the price of bitcoin dropping, miner revenues have taken a hit. This had seen their daily figures drop to $26 million the previous week and with a 1.47% increase last week, daily miner revenues had jumped to $27.19 million. This is a far cry from what miners were earning when the price of the digital asset had hit its all-time high.
Source: https://www.newsbtc.com/news/bitcoin/bitcoin-miner-revenues-stay-low-as-price-decline-continues/
Topic: [2022-06-08] Bitcoin Miner Revenues Stay Low As Price Decline Continues (Read 208 times)
June 08, 2022, 02:08:54 PM
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