Bitcoin mining volume in the US grows 58% in one month

Five North American public mining companies collectively mined 1,802 BTC in July. This is 58% higherJune figure, The Block reports.

July has become a productive month for the largestminers in the US: Marathon Digital, Riot Blockchain, Argo Blockchain, Bitfarms and Hut 8, despite the fact that the firms have not significantly increased their mining capacity.

Much of the increase in cryptocurrency production was the result of a record 28% drop in Bitcoin mining difficulty that occurred in early July. The figure then dropped another 4.8%.

Difficulty correlates with hashrate, which in Junecollapsed amid a crackdown on mining in China. As a result of the actions of the country's authorities, mining capacity outside the Middle Kingdom has increased significantly.

Of the five companies, Riot won the most andMarathon, which increased bitcoin mining by 82% and 66.42% month-on-month, respectively. At the same time, Marathon's equipment park did not change in July, amounting to about 19,000 ASIC miners. Riot also said that due to infrastructure upgrades, it has postponed the deployment of recently received devices to August.

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Argo Blockchain CEO Peter Wall Explains Growthmining in that "the firm was able to benefit from the reduction in the global hash rate and the complexity of mining." The company mined 34.73% more bitcoins than in June.

In June, MicroStrategy CEO Michael Saylor called Chinese authorities' decisions on mining a "trillion-dollar mistake" and noted that it would benefit miners in North America.

Where is it more profitable to buy bitcoin? TOP-5 exchanges

For a safe and convenient purchase of cryptocurrencies with a minimum commission, we have prepared a rating of the most reliable and popular cryptocurrency exchanges that support deposits and withdrawals of funds inrubles, hryvnias, dollars and euros.

The reliability of the site is primarily determinedtrading volume and number of users. By all key metrics, the largest cryptocurrency exchange in the world is Binance. Binance is also the most popular crypto exchange in Russia and the CIS, since it has the largest cash turnover and supports transfers in rubles from bank cardsVisa / MasterCardand payment systemsQIWI, Advcash, Payeer.

Especially for beginners, we have prepared a detailed guide: How to buy bitcoin on a crypto exchange for rubles?

Rating of cryptocurrency exchanges:

#	Exchange:	Website:	Rating:
1	Binance (Editor's Choice)	https://binance.com	9.7
2	FTX	https://ftx.com	7.5
3	Bybit	https://bybit.com	7.2
4	OKEx	https://okex.com	7.1
5	Exmo	https://exmo.me	6.9

The criteria by which the rating is set in our rating of crypto-exchanges:

• Work reliability&#8212; stability of access to all functions of the platform, including uninterrupted trading, deposits and withdrawals of funds, as well as the duration of the market and daily trading volume.
• Commissions– the amount of commission for trading operations within the platform and withdrawal of assets.
• Feedback and support– we analyze user reviews and the quality of technical support.
• Convenience of the interface– we evaluate the functionality and intuitiveness of the interface, possible errors and failures when working with the exchange.
• Platform Features– availability of additional features &#8212; futures, options, staking, etc.
• final grade– the average number of points for all indicators determines the place in the ranking.

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