Crypto News

The income of Bitcoin miners after halving declined by 44 percent

Beginning of a new cycle after the Bitcoin halving in a difficult macroeconomic situation and the pandemic coronavirus was marked by new events that have a direct impact on the state of Bitcoin.

On the background of how trump sees the struggle with the fast-deepening recession and States the necessity of introducing negative rates on deposits, and the fed implements QE program and starts the redemption of debt, more and more voices on the upcoming inflation.

“Negative rates are not a gift. This transfer of wealth from savers to debtors, said Peter Schiff on Twitter in response to the statement of trump, But inflation created in order to allow for negative rates, will harm the employees, plus the overall economy will be less productive, and as a result the standard of living will be lower.”

Halving is a procedure of control of inflation Bitcoin.

After the third halving estimated The Block daily income of miners has fallen by about 44 percent, making up about 9 million to $ 16.1 million prior to this Protocol the events of may 11.

According to the resource monitor the Blockchain, out of 17.16 million dollars reward for mining blocks and transaction fees yesterday, the remuneration of the miners were of 8.95 million dollars.

f1-May-13.jpg
The income of Bitcoin miners for a month. (Source: Blockchain)

Commenting on the changes, Mario Gibney, head of customer service in Blockstream, wrote on Twitter:

“First the reward for mining the fourth cycle of 7.16 Bitcoin is BTC (the fee for a mining unit of 6.25 + 0,91 Commission). This means that 12.7 per cent transaction fees. A sign of the brave new world of paid security…”

At the same time, according to The Block hash rate Bitcoin, which is a measure of performance of miners fell by about 16 percent. Time mining blocks has increased an average of 10 minutes, 32 seconds. The next adjustment difficulty will probably happen in 5 days, and it is expected that the complexity will be reduced by about 2 percent.

f2-May-13.jpg
Source: theblockcrypto.com

Most of the old mining equipment ASIC, in particular Antminer S9, now it is economically disadvantageous, and he was replaced Antminer S17 and Whatsminer M30S.

Of the four largest pools (F2Pool, Poolin, Antpool, BTC.com) Poolin lost the largest number of hashes, approximately 30 percent, while BTC.com lost slightly more than 10 percent.

Source:

cryptofound.com

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