• News
    • Bitcoin
    • Altcoins
    • Blockchain
    • DeFi
    • Regulation
    • Scams
  • NFT
  • Metaverse
  • Analysis
  • Learn
  • Videos
  • Blogs
  • Market Cap
  • Shop
What's Hot

Scam targets dormant Bitcoin wallets with fake legal notice

2025-07-08

Bitcoin Holds Strong Despite New Tariff Wave

2025-07-07

DCA Live 💥 When Worlds Collide 🌍🚀

2025-07-07

Subscribe to Updates

Get the latest creative news from FooBar about art, design and business.

Facebook Twitter Instagram
Crypto Investor News Network
  • News
    • Bitcoin
    • Altcoins
    • Blockchain
    • DeFi
    • Regulation
    • Scams
  • NFT

    All Eyes on Art: Upcoming Collections to Watch the Week of February 4

    2025-02-05

    Creator of rabbit AI assistant has hidden NFT past

    2024-05-02

    Ethereum tops daily NFT sales at US$7 mln, ends weakest month of 2024

    2024-05-02

    Top NFT Airdrops and Giveaways for May 2024

    2024-05-02

    Casio Launches NFT Collection Celebrating 50th Anniversary

    2024-05-01
  • Metaverse

    Shib: The Metaverse – Part of the Expanding Shiba Inu Ecosystem

    2025-01-03

    Experience to Earn: Everdome’s Metaverse Frontier

    2024-12-30

    Beyond Bots: Meta Motivo and the Dawn of Humanlike Digital Life

    2024-12-13

    Exploring NetVRk: What Is Behind This AI-Driven Virtual Universe?

    2024-10-28

    Council of Europe Highlights Metaverse’s Impact on Privacy and Democracy

    2024-09-05
  • Analysis

    Crypto Exchange Coinbase Lists New DeFi Altcoin Project Built on Base Blockchain

    2023-12-13

    Ethereum Price Bears Keep Pushing, Why Decline Isn’t Over Yet

    2023-12-13

    Trader Bullish on Cosmos (ATOM), Says One Dogecoin Rival Setting Up for Next Leg Up – Here’s His Outlook

    2023-12-13

    AVAX Price Pumps 50% and Dumps 15%, Why Uptrend Is Still Strong

    2023-12-13

    Top Trader Predicts Parabolic Rally for Solana Competitor – Here’s His Upside Target

    2023-12-13
  • Learn

    Crypto Risk Management Strategies for Trading (2025)

    2025-07-07

    What Is DeFi Staking? Everything You Need to Know

    2025-07-07

    What is Dollar-Cost Averaging (DCA) in Crypto? A Beginner’s Guide

    2025-07-04

    What Is Liquid Staking? How It Works & Why It Matters in Crypto

    2025-07-04

    What are Rollups in Crypto? ZK Rollups and Optimistic Rollups Explained

    2025-07-02
  • Videos

    Bitcoin Holds Strong Despite New Tariff Wave

    2025-07-07

    DCA Live 💥 When Worlds Collide 🌍🚀

    2025-07-07

    Watch Out! BTC Whales on the Move: Bitcoin’s Next Leg, RWAs & More!

    2025-07-07

    Bitcoin Investors…It’s Going to be a Fantastic Week

    2025-07-06

    Occam’s Razor Meets Metcalfe | Treasuries @ Tipping Point 🔥

    2025-07-06
  • Blogs
  • Market Cap
  • Shop
Facebook Twitter Instagram TikTok
Crypto Investor News Network
Home»Bitcoin»Bitcoin miners affected as network difficulty reaches…
Bitcoin

Bitcoin miners affected as network difficulty reaches…

2023-06-19No Comments3 Mins Read
Facebook Twitter Pinterest LinkedIn Tumblr Email
Share
Facebook Twitter LinkedIn Pinterest Email


  • Bitcoin miner outflow recently hit a 2-year high.
  • BTC miner revenue declined as price attempted to bounce back.

Bitcoin’s [BTC] price has rebounded lately, yet miners might have missed the boat. Recent data indicated that there has been a surge in Bitcoin (BTC) outflow from miners over the past few days. Could this be attributed to dropping fees and network difficulty?


Read Bitcoin [BTC] Price Prediction 2023-24


Increase in Bitcoin outflow from miners

Glassnode revealed an interesting development concerning Bitcoin miners’ outflow. On 19 June, the chart recorded a notable spike in the seven-day moving average, reaching approximately 2.188.

This surge represented the highest movement observed in the past two years, with a similar peak occurring in April 2022 at 2.185. 

Another metric, the mean miner outflow on CryptoQuant, also demonstrated an upward trend of late. At press time, the miner outflow surpassed 19, indicating a significant level of Bitcoin outflow.

These findings suggested a growing inclination among miners to transfer their Bitcoins to exchanges.

Bitcoin miner outflow

Source: CryptoQuant

BTC mining difficulty and hashrate

Examining the network difficulty chart on Blockchain.com revealed a consistent upward trend in the king coin’s difficulty level since the beginning of the year. In January, the network difficulty stood at approximately 34 trillion, but it had surpassed 53.2 trillion at press time. 

Bitcoin mining difficulty

Source: Blockchain.com

Furthermore, there had been an increase in the total hashrate, which stood at nearly 340 million at the time of writing. This metric suggested that miners faced higher costs in mining BTC, but it raised the question of whether their revenue reflected the same trend.

See also  Move over Bitcoin, whales now prefer Ethereum - Here's why

Bitcoin miner revenue on a downtrend

Analyzing the Bitcoin miner revenue metric on Glassnode revealed a notable decrease in revenue in recent times. From 14 June, miner revenue experienced a decline of nearly 2%. At press time, miner revenue stood at 3.13%. 

Bitcoin miner revenue

Source: Glassnode

Given this significant drop in revenue combined with the upward trends in hashrate and difficulty, it is likely that miners are selling their Bitcoin holdings to sustain profitability.

However, if there is a substantial increase in the price of BTC, it could potentially halt this sell-off as the revenue from mining becomes more valuable.


How much are 1,10,100 BTCs worth today?


Examining the timeframe chart of Bitcoin revealed that it concluded the weekend with a slight loss. As of this writing, it was experiencing a modest profit of less than 1%, with a trading price of approximately $26,520.

Despite the recent upward movement in price, BTC remained entrenched in a bearish trend.

Affected Bitcoin difficulty miners Network Reaches
Share. Facebook Twitter Pinterest LinkedIn Tumblr Email

Related Posts

Scam targets dormant Bitcoin wallets with fake legal notice

2025-07-08

Bitcoin Holds Strong Despite New Tariff Wave

2025-07-07

Bitcoin Investors…It’s Going to be a Fantastic Week

2025-07-06

Is the Next Bitcoin Black Swan Lurking Around the Corner?

2025-07-05
Add A Comment

Leave A Reply Cancel Reply

Top Posts
Analysis

Ethereum Price Prepares For The Next Move As Risk of Bounce Grows

2023-07-17

Ethereum price failed to stay above $2,000 and corrected lower against the US Dollar. ETH…

DeFi

Linear Finance unveils LINA Marketplace to reshape DeFi trading

2024-08-30

Linear Finance has revealed its plans to revolutionize the decentralized finance space. The digital assets…

Videos

Bitcoin’s Fair Value is $42,000

2023-04-04

Today let’s talk about Bitcoin, Crypto and markets. Let’s look at Bitcoin’s fair value and…

Subscribe to Updates

Get the latest news and Update from CINN about Crypto, Metaverse and NFT.

Editors Picks

Scam targets dormant Bitcoin wallets with fake legal notice

2025-07-08

Bitcoin Holds Strong Despite New Tariff Wave

2025-07-07

DCA Live 💥 When Worlds Collide 🌍🚀

2025-07-07

Crypto Risk Management Strategies for Trading (2025)

2025-07-07
Crypto Investor News Network
Facebook Twitter Instagram TikTok
  • Contact
  • Terms & Conditions
  • Privacy Policy
  • DMCA
  • Disclouser
© 2025 - All rights are reserved.

Type above and press Enter to search. Press Esc to cancel.

bitcoin
Bitcoin (BTC) $ 109,552.35
ethereum
Ethereum (ETH) $ 2,662.84
tether
Tether (USDT) $ 1.00
xrp
XRP (XRP) $ 2.39
bnb
BNB (BNB) $ 662.75
solana
Solana (SOL) $ 154.28
usd-coin
USDC (USDC) $ 1.00
tron
TRON (TRX) $ 0.287832
dogecoin
Dogecoin (DOGE) $ 0.173909
staked-ether
Lido Staked Ether (STETH) $ 2,659.74
bitcoin
Bitcoin (BTC) $ 109,552.35
ethereum
Ethereum (ETH) $ 2,662.84
tether
Tether (USDT) $ 1.00
xrp
XRP (XRP) $ 2.39
bnb
BNB (BNB) $ 662.75
solana
Solana (SOL) $ 154.28
usd-coin
USDC (USDC) $ 1.00
tron
TRON (TRX) $ 0.287832
dogecoin
Dogecoin (DOGE) $ 0.173909
staked-ether
Lido Staked Ether (STETH) $ 2,659.74