The total revenue for Bitcoin miners rose to $609.7 million during July, a 9% drop compared to the previous month.
As for Ethereum miners, the drop was 4% with revenues of $679.4 billion.
As a result of the latest Bitcoin mining recalculation, the complexity of mining the largest crypto in the market by market capitalization decreased by 5.01% to 27.69 T, which is the largest reduction in the indicator since the beginning of the year.
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Notably, the Bitcoin hashrate increased by 4% to 211.93 EH/s. Since the beginning of the year, the indicator grew by 16.6%.
Fees on the Bitcoin network remained almost unchanged in July, occasionally surpassing the $2 mark, while Ethereum’s continued to fall (-47% during the month).