Coinmonks
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Coinmonks

What About The Miners’ Flow?

We’re exploring the net position of Bitcoin miners.

As we know, the profit of Bitcoin miners has been steadily falling from the moment of the first halving, periodically finding a consolidation bottom and then falling again.

When studying mining dynamics for about the last two years, the total income of Bitcoin miners was between 950 and 1050 BTC, except for a sharp drawdown in July 2021 due to the unprecedented great migration of Chinese miners, which resulted in a record 28% drop in mining difficulty.

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Coinmonks is a non-profit Crypto Educational Publication. Follow us on Twitter @coinmonks and Our other project —  https://coincodecap.com , Email  — gaurav@coincodecap.com

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Baro Virtual

👪 Family team 💰 #Stocks and #Crypto insights 📊 CryptoQuant verified author: bit.ly/3Ey6nSR ✍ Guest author at Bitcoin Magazine, The Daily Hodl

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