Bitcoin miners turnover in May to lowest point in 11 months

Daily revenue for miners peaked at around $80 million per day in April 2021. Since then, however, that amount has been reduced by 62 percent and thus more than halved. From August 2021 to last May, total revenue for miners has consistently exceeded $1 billion each month. In May, however, that total turnover fell to 906 million dollars and the billion-dollar series was broken.

Miners profit margins at October 2020 level

The profitability of Bitcoin miners, which we measure in dollars per terahash per second, has Bitinfo charts even reached its lowest point since October 2020. Currently miners with 1 Th/s are making a profit of $ 0.112 per day. Since the beginning of the year, this statistic has lost 56 percent and from the 2021 highs of $0.450 per Th/s even 75 percent.

Read Also:  The crypto millionaire sees his wealth evaporate overnight due to the crash

Recent Articles

Related News

Leave A Reply

Please enter your comment!
Please enter your name here