The income of Bitcoin miners automatically increased by 50% after several hundred thousand ASICs were turned off inChina and the largest fall in complexity in history.
After the crackdown in China, the hash rate of the first cryptocurrency reached a six-month low. Against this background, the difficulty of bitcoin mining has also decreased.
Repression by the authorities led to the migration of miners and the shutdown of half of the hash power of the network. Half of the equipment is shut down and not working, thanks to which the other half doubled their income.
According to Blockchain.com, on July 2, on the eve of the drop in mining difficulty, the daily income of miners was estimated at $20.7 million. During the day it rose to $29.3 million, and on Tuesday of this week – up to $31.9 million
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