Miners' earnings fell 23%

As a result of the reduction in remuneration and commission in the bitcoin network, over the past month, the total income of miners decreased by 23%.

According to Coin Metrics, in May grossMTC production amounted to $ 366 million, and in June fell to $ 281 million, which is the lowest since April 2019. Analysts argue that last month’s results more clearly reflect the effects of halving than May, since then 11 days had a significant impact on the outcome.

In addition, in June commission fees amounted to $12 million, or 4.3% of total revenue, which is almosttwice lower than the May 8.3%, which was a record for 12 months. In parallel with a decrease in earnings from production, in June the volume of trade in the military-technical cooperation also fell by 32%.

The level of remuneration in the Bitcoin network will remain at the current level until 2024, so miners can only expect an increase in income from an increase in the cryptocurrency rate or from an increase in commissions.

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