A jump in mining profitability. Now the conditions are better

Argo Blockchain, a British company, has presented a new financial report online, which shows that the efficiency of cryptocurrency mining has increased by 101 percent compared to the previous few months, and the company’s profit has grown by 24 percent. The British miner has published a new report that shows a significant increase in the efficiency of cryptocurrency mining this summer. Argo Blockchain reported that it expects to receive 161 Bitcoins or £1.38 million in digital money from mining in June based on the value of this coin at $10,818 as of 06/30/19. This is a 101 percent increase over May’s figures, and corresponds to a mining margin of approximately 81 percent. M. Edwards, the head of the company represented, believes that the situation in the mining sector has improved significantly in recent years. He also noted that in the 3rd quarter, we can expect growth, efficiency, and profitability of mining. Shortly before that, Northern Bitcoin agreed to acquire five thousand bitcoin miners from Canaan Creative and Bitmain, which was confirmed by an official document. At the same time, the hashrate of the first digital currency has updated not only its historical maximum, but also the difficulty of mining this coin.