Bitcoin News on Nostr: Miners continue reporting declines in Bitcoin production following halvingStronghold ...
Miners continue reporting declines in Bitcoin production following halvingStronghold Digital Mining reported a 47.1% decline in its monthly Bitcoin mining output in May.
The firm mined 82 BTC during the first full month following the halving, compared to 155 BTC in April.Meanwhile, revenues for the month came in at $5.2 million, a 46% drop from the previous month.Stronghold explicitly attributed the drop to the halving. The firm said:“The primary driver of the decline was due to the first full month of post-halving operations.”The company also reported an average hash price of $0.052 per TH/s in May, down from 0.095 in April. It attributed the change to the halving and reduced block rewards, a 0.8% decline in Bitcoin’s price, and transaction fees falling to 7.4% in May from 25.3% in April.It observed a network hash rate of 1.2%, partially offsetting the trend.
Published at
2024-06-08 17:36:23Event JSON
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"content": "Miners continue reporting declines in Bitcoin production following halvingStronghold Digital Mining reported a 47.1% decline in its monthly Bitcoin mining output in May.\n\nThe firm mined 82 BTC during the first full month following the halving, compared to 155 BTC in April.Meanwhile, revenues for the month came in at $5.2 million, a 46% drop from the previous month.Stronghold explicitly attributed the drop to the halving. The firm said:“The primary driver of the decline was due to the first full month of post-halving operations.”The company also reported an average hash price of $0.052 per TH/s in May, down from 0.095 in April. It attributed the change to the halving and reduced block rewards, a 0.8% decline in Bitcoin’s price, and transaction fees falling to 7.4% in May from 25.3% in April.It observed a network hash rate of 1.2%, partially offsetting the trend.\n https://yakihonne.s3.ap-east-1.amazonaws.com/6789a15735d4ac7cb13396ac59a0bdc813680111b9df4a7ff2497a364c869fb9/files/1717860965425-YAKIHONNES3.jpg ",
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