In July, miners earned almost a billion dollars on Bitcoins, after the month their profits amounted to $ 971.8 million. It is more than in June – then the revenue was 839 million. This is reported by the Block portal.
However, the record indicator was recorded in March – 1.75 billion dollars. Mineland revenues declined as a result of China’s actions, which began offensive policies for 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 cost 39.27 thousand dollars.
The fall of the most popular cryptocurrency occurred after a large sale of global stock markets, as well as on the backdrop of news from China. The People’s Bank PRC ordered the country’s large financial institutions to stop conducting operations with cryptocurrency. Some regions have completely banned the production of “Crypt” on its territory.
As a result, Chinese Majers had to either stop prey, or to move to other countries. If last fall on the PRC accounted for up to 75 percent of the power used for cryptocurrency mining, then by the summer of 2021, China’s share on the market fell by almost 30 percent. So far, the PRC still occupies the first place for cryptocurrency mining, but the separation from Beijing significantly reduced the United States, Kazakhstan, Russia and Iran.