Recently, cryptocurrency ushered in a strong upward trend. Bitcoin broke through $58000 and was once close to $59000, creating the highest price since May 12, rekindling the upward trend of the market.

With the return of bitcoin market, the market's view of cryptocurrency has also changed. Since the Chinese government cracked down on bitcoin mining in May, the price of bitcoin has plunged sharply. Many people believe that with the strengthening of supervision in various countries, the price of bitcoin will be greatly reduced, but at present, this is not the case.

Insiders believe that bitcoin is expected to exceed $100000 by the end of this year. Of course, this is just an expectation. Whether it can come true remains to be seen. In this year's market fluctuations, many money speculators have lost their money.

In contrast, the income of miners who have been mining for a long time has increased sharply. On the one hand, the timing of the layout of some miners is earlier and the cost is lower; On the other hand, as long as the long-term rise of currency price is still in progress, the short-term fluctuation of currency price has no impact on miners.

According to the data, the income of bitcoin miners in September is estimated to be $328 million, down 11% from August. The income estimation assumes that miners immediately sell their bitcoin from mining. Obviously, many miners are selling coins instead of choosing to sell them immediately.

If the miners sell at the current high level, they will earn a lot of money, but it is expected that most miners will still collect money. According to glassnode data, since the bitcoin network halved in May 2020, miners' income from daily block awards has increased by 488%.

In the period of policy turmoil, although a considerable number of miners were forced to leave the bitcoin network, the income of bitcoin miners who are still online has more than doubled. It can be said that in this turbulent bull market, in addition to big makers and ordinary investors, only miners are the absolute winners.

At this time when the bull market breaks out again, if you want to participate in BTC mining, please download the rhy app and contact our customer service.

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