TechFlow news, according to the latest report from Coin Metrics, Bitcoin hash rate (30-day moving average) dropped 7% from its all-time high of 626 EH/s to 580 EH/s after the halving. OKX's large-scale UTXO consolidation generated $38 million in fee revenue for miners over three days. Despite slowing income, miners continue to benefit from increased on-chain activity.
The report also noted that Bitfarms has improved equipment efficiency and ASIC hardware prices have fallen significantly, meaning miners must remain focused on the future amid competitive pressures. Q2 2024 was a relatively favorable quarter for miners, with total revenue reaching $3.77 billion.
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