The data shows that after the network has experienced the greatest difficulty reduction in history, the income of Bitcoin miners has soared.

As the impact of China's mining ban has gradually unfolded, hashes have continued to disappear from the network, and the overall hash rate has dropped by 38% to 49%. Generally speaking, the network difficulty drops on a large scale, usually when the income of miners is squeezed or profitability is hit, which usually means that a bear market is coming. However, the reason for the decrease in network difficulty this time is that the miners were forced to shut down due to policy, which has little to do with market conditions.

For those Bitcoin miners who mine in overseas markets, it means that their competitors have disappeared in half overnight. The result is no doubt: the miners who continue to maintain mining operations have seen a significant increase in profitability. After the latest difficulty adjustments, miners still in operation, their operation and maintenance expenditures remain unchanged, but their profit margins have risen by nearly 2 times, which is close to the profit margin level in April this year.

For miners who still have the opportunity to be active in the network, mining is currently a high-yield period. Compared with the end of last year, the current currency price is still at a high level. On the other hand, the number of miners in the network has been reduced by nearly half. , The block reward has risen sharply. In addition, since some of the miners who are currently forced to go offline are selling mining machines, the current price of mining machines is far lower than the normal market price. For miners who want to dig bitcoin, this is a good time to enter the market. The input cost has dropped greatly, and the benefit has increased.

If you want to mine Bitcoin, please contact RHY platform. We have a variety of packages of mining machine rental and cloud computing power mining products. Whether you want a short-term share or long-term investment, we can provide Products that meet your needs.

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