Bitcoin Miners Saw 7% Revenue Increase in July

[Rasta99]

Bitcoin miners enjoyed a 7% increase in revenue during July, driven by higher network fees and increased transaction volume as bitcoin (BTC) rallied to new yearly highs above $11,400.

[mlawson71]

That is pretty good news, thank you for sharing!

[Gurujebs]

Bitcoin miners enjoyed a 7% increase in revenue during July, driven by higher network fees and increased transaction volume as bitcoin (BTC) rallied to new yearly highs above $11,400.

Miners will always make money at any time irrespective of how BTC price is. When BTC price is low, many miners channel their mining rig to other altcoins, the simple maths is less reward with less miners will share the remaining revenue which is still beneficial to them

[jonathancool220]

7% is very valuable and it is something good for Bitcoin miners.
All work if it increases is a benefit, including crytpocurrency mining.

7% in the business world is very large, we just assume 1% for the increase in gold mining is already profitable, especially 7% in crytpocurrency, then that is a great value.

[comer]

sound great! an increase such % is a big profit for those miners. its a reward for them whose persistence even if in the previous month they are in equilibrium or sometimes loss. it would be a great help to them. much more if btc price will continue to increase. The $12k level is not yet come so there is yet to await for the next excitement event of this leading currency.

[wahyudi]

Previously valued at US $ 366 million in June, the Bitcoin miner only earned US $ 281 million in June.  That number is the lowest over the past three months according to CoinMetrics.  This calculation assumes Bitcoin miners are selling their BTC as quickly as possible.

[syedrasool2011]

bitcoin is falling down carefull

[syedrasool2011]

I hope btc continues to go higher just as much as anybody else. But with DXY ( US dollar index) being bullish in the time being with a bullish divergence on the daily. And EUR/USD looking like it’s putting in a top I wouldn’t be surprised Btc putting a temporary top.

[syedrasool2011]

thats good price will pump slowly and then big whales will come in 2020 end

[damsix]

7% is very valuable and it is something good for Bitcoin miners.

That is the reality bro and that is a real boon for Bitcoin miners.

We can't do anything if we trade or send Bitcoin without miners.
So, it is only natural that they had a profit of around 7% in July and this I think is still normal for Bitcoin miners in various worlds.

[Lovebitcoin]

It's much expected because of the increase in price of bitcoin, just like how ethereum has a high gas fee recently that is a good revenue for miners also

[MrSpasybo]

Maybe we no longer have to hear about profitability in BTC mining anymore, it's over the miner phase who makes the most money through block rewards & BTC transaction costs during the volume phase transactions increased dramatically. The fact that BTC surpasses $10K also helps more miners come back to the network, so the decentralization of BTC is also guaranteed.

[Paglamon]

This is a big deal for miners. There will be profit if bitcoin's% increases. The price of bitcoin is Touch at 12k. Bitcoin is very valuable to miners. I think bitcoin will touch 15k. I want to see the bitcoin market fluctuate all the time. Because I have invested in the market. So I monitor the market all the time. I believe that the price of bitcoin will change a lot. Everyone has now started investing in bitcoin. Because everyone knows that the price of bitcoin will be valuable.

[mlawson71]

I really hope you are right that it will rally to 15K.