Stronghold Digital Mining reported that month-to-month Bitcoin mining quantity fell 47.1% in Might.
The corporate mined 82 BTC within the first month after the halving, in comparison with 155 BTC in April.
In the meantime, income for the month was $5.2 million, down 46% from the earlier month.
Stronghold particularly attributes the drop to the halving. The corporate acknowledged:
“The decline was primarily pushed by the primary month of buying and selling after the halving.”
The corporate additionally reported that the common hash value in Might was $0.052 per TH/s, down from $0.095 in April. The corporate attributed the change to the halving and lowered block reward, a 0.8% drop in Bitcoin value, and a drop in transaction charges from 25.3% in April to 7.4% in Might.
Community hashrate rose by 1.2%, partially offsetting this pattern.
General manufacturing decline
Equally, Cipher Mining reported that it mined 166 BTC in Might, in comparison with 296 BTC in April, representing a 43.9% month-on-month lower.
The corporate acknowledged the influence of the Bitcoin halving however confused that it maintained optimistic money circulate and had expanded its stock and operations base.
Marathon Digital fared barely higher, reporting manufacturing of 616 BTC in Might, down 27.5% from 850 BTC in April. The corporate mentioned it mitigated the decline by rising the variety of mined blocks it acquired in Might to 170 blocks, up from 129 in April.
Marathon introduced that it held 17,857 BTC as of the tip of Might, having offered 390 BTC through the month. The corporate reported an energetic hashrate of 29.3 EH/s and an put in hashrate of 30.6 EH/s.
SCleanspark, Riot Platforms, and Bitfarms additionally reported declines in BTC manufacturing.
The Bitcoin halving occurred on April 20, 2024, decreasing the block reward from 6.250 to three.125. This occasion additionally affected the miner problem.
