Ah, the sweet sound of digital coins clinking into the coffers! Bitcoin miners, those tireless gnomes of the crypto mines, have hit the motherlode in July, raking in their biggest haul since the Great Halving of April 2024. Turns out, even in a world of ones and zeros, you can still strike it rich—or at least, richer than last month. 🎉💸
Miners Rejoice as July Rains Crypto Coins
July, it seems, was the month when Bitcoin’s price decided to play nice, giving miners a much-needed pat on the back (and their wallets). According to the wise sages at theblock.co, our intrepid miners pulled in a whopping $1.66 billion—a 19.42% leap from June’s mere $1.39 billion. Not bad for a month’s work, eh? 🤑⛏️
Now, let’s not forget the halcyon days of April 2024, when miners were swimming in $1.79 billion. Back then, fees alone contributed a hefty $281.47 million. Fast forward to July 2025, and fees are looking a bit anemic at $16.43 million. Seems like the fee fairy has been on holiday this year. 🧚♂️💨
But wait, there’s a wrinkle in this crypto tale. While hashprice—the magical metric of earnings per petahash—held steady in July, August has started with a whimper. From $58.40 per PH/s on July 2, it’s slipped to $56.76. That’s $56,760 per EH/s, down from $58,400. Ouch. Feels like the crypto gods are tightening their belts. 🤕⚖️
And speaking of tightening, the total hashrate has taken a bit of a siesta. Peaking at 943 EH/s on July 26, it’s since dropped to 900.29 EH/s. Block times? Stretched out like a cat in the sun, averaging 10 minutes and 16 seconds. If this keeps up, miners might see a difficulty drop come August 9, 2025. Fingers crossed, lads! 🤞⏳
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2025-08-03 02:57