Due to the halving event and a decrease in the number of new wallets, Bitcoin miners' income has hit a historical low in the past two months
ChainCatcher news, according to The Block report, data shows that after the block reward halving event on April 20th, the income per TH/s earned by Bitcoin miners (7-day MA) has hit a historical low in the past two months.
In addition to halving, another possible reason for the decrease in miner's income is that there are fewer new wallets entering the Bitcoin ecosystem, which is currently at its lowest level since 2018 (7-day MA).
It's worth mentioning that mining company CleanSpark is still performing well. So far this year, its stock performance has outperformed Bitcoin. In addition, the stock performances of Bitcoin mining companies Bitfarms and Core Scientific have also surpassed Bitcoin. However smaller scale miners continue to struggle.
Disclaimer: The content of this article solely reflects the author's opinion and does not represent the platform in any capacity. This article is not intended to serve as a reference for making investment decisions.
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