Miners have earned almost a billion dollars on bitcoins
In July, miners earned almost a billion dollars on bitcoins, at the end of the month their profit amounted to 971.8 million dollars. This is more than in June — then the revenue was equal to 839 million. This is reported by the portal The Block.
However, the record figure was recorded in March — $ 1.75 billion. Mining revenues have declined due to the actions of China, which has launched an offensive policy on cryptocurrencies.
At the end of July, the price of bitcoin exceeded 40 thousand dollars per coin. However, in early August, the most popular cryptocurrency again fell below the psychological mark. By Monday, August 2, one bitcoin was worth 39.27 thousand dollars.
The fall of the most popular cryptocurrency occurred after a big sell-off on the world stock markets, as well as against the background of news from China. The People's Bank of China has ordered the country's major financial institutions to stop conducting operations with cryptocurrency. Some regions have completely banned the production of "crypt" on their territory.
As a result, the Chinese manners had to either stop production or move to other countries. If last fall, China accounted for up to 75 percent of the capacity used for cryptocurrency mining, by the summer of 2021, China's market share fell by almost 30 percent. So far, China still occupies the first place in the production of cryptocurrency, but the gap from Beijing has been significantly reduced by the United States, Kazakhstan, Russia and Iran.
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