Bitcoin (BTC) Miners Shifted 23,000 BTC to Exchanges by June 24

Bitcoin (BTC) miners moved more coins to exchange wallets in June 2022 as mining revenue fell and network difficulty climbed, a combination that pointed to growing pressure on miners. Hashprice, which estimates miners’ daily revenue for each terahash of computing power, fell to $0.09. It had been slightly above $0.40 in October 2020. The June reading was the lowest since that month, and hashprice was down 60% from a year earlier, its steepest annual decline since March 2020. Mining difficulty rose 51% year over year as Bitcoin’s price fell 39% over the same period.

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