Miner earned almost a billion dollars on bitcoins

Miner earned almost a billion dollars on bitcoins

In July, the miner earned almost a billion dollars on bitcoins, for the month their profit amounted to 971.8 million dollars.

This is more than in June – then the revenue was 839 million. This was reported by the portal The Block. However, the record was set in March – 1.75 billion dollars. Mining revenues have declined due to the actions of China, which has launched an offensive policy on cryptocurrency.

At the end of July, the price of bitcoin exceeded 40 thousand dollars per coin. However, in early August, the most popular cryptocurrency again fell below the psychological mark. Until Monday, August 2, one bitcoin was worth 39.27 thousand dollars.

The fall of the most popular cryptocurrency occurred after a big sell-off on world stock markets, as well as against the background of news from China. The People’s Bank of China has ordered the country’s major financial institutions to stop conducting cryptocurrency transactions. Some regions have completely banned the extraction of “crypts” on their territory.

As a result, the Chinese miner had to either stop production or move to other countries. If last fall in China accounted for 75 percent of the capacity used to extract cryptocurrency, then by the summer of 2021, China’s market share has fallen by almost 30 percent. So far, China still ranks first in the extraction of cryptocurrency, but the gap with Beijing has been significantly reduced by the United States, Kazakhstan.

If you like the material, tell your friends about it. Thank you!

Related Posts

Oppo Watch 3 – all details revealed

The Oppo company will soon present its new smartwatch, the Oppo Watch 3. The model should receive an LTPO display with LTPO technology, which makes it possible…

What new products will Samsung show on August 10

A live broadcast of the event, where the audience will witness a number of new Samsung gadgets and products, will take place on August 10. What the…

LG Ultra Tab officially presented

The LG company officially presented the new LG Ultra Tab tablet on the South Korean market. The model received the Android 12 operating system, a 10.35-inch IPS…

Samsung Galaxy A23 5G officially presented

Samsung officially presented the new Galaxy A23 5G smartphone. The model received support for operation in fifth-generation networks. The smartphone is available in configurations with 4 GB,…

Nothing will release two models of wireless headphones

Recently, the business debuted the Nothing Ear headphones (1), but now it was revealed that there would be two other kinds of wireless devices. This is according…

The cheapest Redmi smartphone with 5G gets MIUI 13

Redmi Note 9T was the first smartphone of the Xiaomi sub-brand for the international market, supporting 5G networks. It was one of the cheapest options with such…

Leave a Reply

Your email address will not be published.