Due to the halving event and the decline in the number of new wallets, Bitcoin miners' income has hit a record low in the past two months
According to The Block, data shows that Bitcoin miners' income per TH/s (7-day MA) has hit a historic low in the past two months since the block reward halving event on April 20th.In addition to the halving, another possible reason for the decrease in miner income is the lower number of new wallets entering the Bitcoin ecosystem, currently at its lowest level since 2018 (7-day MA).It is worth mentioning that mining company CleanSpark is still performing well, with its stock price outperforming Bitcoin so far this year. In addition, the stock prices of Bitcoin mining companies Bitfarms and Core Scientific have also outperformed Bitcoin, although smaller mining companies have been struggling.
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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