Key Takeaways:
Bitcoin miners crossed $1.086B in May revenue, the first billion-dollar month since January.Hashprice dropped 17.82% in 30 days, pushing the daily value per PH/s to just $30.77.A potential 7.5% difficulty cut around June 13 could ease pressure on surviving miners.One factor working in miners’ favor is that a reduction in computational power has pushed block intervals beyond the network’s 10-minute target. At press time, 8 p.m. ET on Tuesday, blocks were being produced at an average pace of 10 minutes and 49 seconds. If the current pace holds through roughly June 13, the network’s mining difficulty is expected to adjust downward.
Current estimates point to a potential 7.5% decrease in network difficulty.
Miners Enter June With One Strong Month and One Big Question
