Bitcoin miners’ income increased to $971 Million in July.

Miners’ revenue over the last July has been reported. According to The Block, the amount is $971,83 Million. Compared to June, miner managed to earn $132,73 Million more than in July, however, that is nothing compare to the highest rate recorded in March 2021 and amounted $1,75 Billion.

The restrictions on cryptocurrency mining in China could affect the market. They made Chinese miners sell their hardware or emigrate. Chinese government decision also influenced BTC mining difficulty — following the action, it decreased by 45%. So, in July the difficulty was 13,67 trillion hashes which is two times less that in March. But nevertheless, the situation may stabilize: BTC difficulty has increased by 6% by the end of the previous month.

However, despite any restrictions, bitcoin rate is still quite high: at the time of publication its price is $39 300. For comparison, historical high was recorded in mid-April and amounted $69 900.