In June, Bitcoin miners' earnings fell to a minimum since March 2019

As a result of the May Halving, the profitability of mining the first cryptocurrency decreased by 23%.

In June, revenuesBitcoin miners down 23% to a minimumsince last March. Last month, the extraction of the first cryptocurrency brought $ 281 million, while in May - $ 366 million, CoinDesk writes. The calculations were made on the assumption that the miners immediately sell the received coins.

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The reason for the decline in profitability was the falltransaction processing fees and rewards for adding blocks after the May halving. Against the background of this event, the cryptocurrency mempool grew, but by the end of May it returned to its normal state. This again reduced the fees miners collect for transaction processing. In May, the commission accounted for 8.3% of miners' revenues, in June this value fell to 4.3%.

Now Bitcoin is trading at $ 9115, over the past day the price of cryptocurrency has decreased by 1.3%. The trading volume of the asset is $ 15 billion with a market capitalization of $ 168 billion.

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