Since the popularity of digital currency, mining has become a way for many people to get rich. Previously, when Ethereum rushed to more than 4000 dollars, it was not a problem for personal mining machines to record thousands of dollars a day. However, the mining accident happened in the past two months. The income in July was not very good. The total income of the miners was only $1.03 billion, less than half of the peak in May.
The income from mining in Ethereum is complex, not only the price impact of mining and selling, but also the handling fee,Of course, the impact of currency value is the biggest, which is also the key to the sharp rise and fall of ether miner's income.
In May, ether miners earned $2.46 billion, because the highest price of ether reached more than $4300 in May, which is the peak in history. Naturally, miners made a lot of money.
Subsequently, the price of ether currency plummeted, and the revenue in June and July plummeted to US $1.17 billion and US $1.03 billion, of which the block revenue was US $845 million.
Compared with may, the mining revenue in July was less than half, which is also one of the reasons why many miners chose to quit recently. However, it is mainly suppressed by domestic policies, because mining is still profitable, and the price of ether is about $2000. The cost of continuous mining is mainly electricity.