Bitcoin mining company Stronghold produced 82 BTC in May
Bitcoin mining company Stronghold Digital Mining reported a 47.1% decrease in its Bitcoin mining output in May. The company mined 82 BTC in the first full month after the halving, compared to 155 BTC mined in April. At the same time, the company's revenue for the month was $5.2 million, a 46% decrease from the previous month. Stronghold explicitly attributed this decline to the halving, stating that the main reason for the decrease was the first full month after the halving.
The company also reported that the average hash price in May was $0.052 per TH/s, lower than April's $0.095. The company attributed this change to the halving and the decrease in block rewards, a 0.8% drop in Bitcoin price, and transaction fees dropping from 25.3% in April to 7.4% in May.
Disclaimer: The content of this article solely reflects the author's opinion and does not represent the platform in any capacity. This article is not intended to serve as a reference for making investment decisions.
You may also like
Ethereum Poised for Recovery Against Bitcoin, Analyst Says
Harris breaks silence: pledges to support cryptocurrency investment
Harris publicly expressed support for increasing investment in the artificial intelligence and cryptocurrency industries for the first time. Analysts believe that the Biden administration should be the last anti-cryptocurrency administration.
Only 43% of users qualified for Hamster Kombat’s season 1 airdrop
Bitget Futures Bot adds ARKUSDT
We are pleased to announce that Bitget Futures Bot has now added: ARKUSDT. Reference 1. Futures Bot 2. Crash course on Futures Grid Disclaimer Despite high growth potential, cryptocurrencies still face high risks and volatility. You are strongly advised to do your own research as you invest at your