Is mining back again? Bitcoin mining profitability is the same as in July last year

According to the analytical service blockchain.com, bitcoin miners earn a total of $17.5 million in daily profit.

A similar level of profitability was also recorded in the second half of July last year, when bitcoin was trading at around $8,000.

As the value increases, the level of difficulty in mining a digital currency such as Bitcoin also increases.

Today, the difficulty is comparable to what it was in September last year.

The average daily volume of transfers is also gradually increasing.

This value is already comparable to the first half of January last year, when the market capitalization reached its all-time high and the BTC coin was trading for more than $10,000.

Back in May, we could see an active surge in users’ profits from commissions at the time of transactions.

There is a direct correlation with the increase in the average transaction fee in the first digital currency network. This figure was clearly higher than $4 in mid-May.

We also hasten to remind you that there is a direct correlation between the complexity of bitcoin mining and the coin itself.