Stronghold Digital Mining reported a 47.1% drop in its month-to-month Bitcoin mining in Could.
The agency mined 82 BTC within the first full month following a halving from 155 BTC in April.
In the meantime, gross sales for the month got here in at $5.2 million, a 46% drop from the earlier month.
Stronghold particularly attributed the decline to the halving. The corporate stated:
“The principle purpose for the decline was the primary full month of operations after the halving.”
The corporate additionally reported a mean hash value of $0.052 per TH/sv in Could, down from $0.095 in April. She attributed the change to a halving and discount in block rewards, a 0.8% drop within the value of bitcoin and transaction charges, which fell to 7.4% in Could from 25.3% in April.
It noticed a community hash charge of 1.2%, partially bucking the pattern.
General manufacturing decline
Equally, Cipher Mining reported that it mined 166 BTC in Could, down from 296 BTC in April, a month-on-month drop of 43.9%.
The corporate acknowledged the impression of Bitcoin's halving, however emphasised that it was sustaining optimistic money flows and had expanded its stock and operational places.
Marathon Digital fared barely higher, reporting that it produced 616 BTC in Could, down 27.5% from April's 850 BTC. The corporate stated it mitigated the minimize by rising the variety of mining blocks it acquired in Could to 170 – up from 129 blocks in April.
Marathon stated it held 17,857 BTC on the finish of Could and bought 390 BTC throughout Could. It reported an activated hash charge of 29.3 EH/s and an put in hash charge of 30.6 EH/s.
SCleanspark, Riot Platforms and Bitfarms additionally reported comparable drops of their BTC manufacturing
The bitcoin halving happened on April 20, 2024, decreasing block rewards from 6.250 to three.125. This occasion additionally affected the problem of miners.
