Bitcoin mining revenue skyrockets thanks to price and network strength
In May, Bitcoin mining revenue recorded an impressive increase of 18.2%. The main reason stems from a 20% surge in Bitcoin prices, combined with a slight 3.5% increase in the total computing power of the network. This is a positive signal for cryptocurrency miners, contributing to making mining operations more profitable.
The computing power market share of North American miners is growing larger
According to reports, miners from North America accounted for up to 26.3% of the total Bitcoin network's computing power in May, up from 24.1% in April. This increase indicates that this geographic area is solidifying its position in the Bitcoin mining supply chain, creating a significant competitive advantage in the global cryptocurrency market.
MARA Holdings leads with outstanding mining output
In the context of fierce competition, MARA Holdings stands out by successfully mining 950 Bitcoins in May, up 35% from the previous month. This figure not only demonstrates operational efficiency but also reflects the company's ability to capitalize on the rising price trend and enhance machine performance. This marks MARA as one of the leading players in the cryptocurrency mining sector today.
In summary, the synchronized growth of Bitcoin prices along with the mining network's computing power has boosted miners' profits, opening up exceptional profit opportunities for investors and companies pursuing the cryptocurrency mining field. Are you ready to take advantage of this trend?
Source: https://tintucbitcoin.com/doanh-thu-bitcoin-thang-5-tang-manh/
Thank you for reading this article!
Please Like, Comment, and Follow TinTucBitcoin to stay updated with the latest news about the cryptocurrency market and not miss any important information!
