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Bitcoin mining difficulty rose after May decline

Bitcoin mining difficulty rose after May decline

On June 8, after another recalculation, the mining difficulty of the first cryptocurrency rose by 1.29% to 30.28 T. The indicator remains below the all-time high reached in May 2022.

Bitcoin mining difficulty rose after May decline
Data: BTC.com.

The BTC.com service forecasts that the metric will stabilise at roughly its current level after the next recalculation.

May 25 the value fell by 4.33% — to 29.9 T. The decline was the largest since July 2021.

Bitcoin mean hash rate 7-day moving average
Data: Glassnode.

In May 2022, miners’ revenues amounted to $906 million — the metric declined by 22% compared with the previous month.

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