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Bitcoin miner Bitfarms mined 459 BTC in May Mining difficulty | Shiba|Defi|Nft|Meta

Bitcoin miner Bitfarms mined 459 BTC in May

Mining difficulty has increased by 44.9% since the beginning of the year (5.2% in May), while the price of bitcoin has gained approximately 63.5%, the firm noted. This gap led to an increase in the yield of cryptocurrency mining by 26.7% in terms of USD / TH.

Bitfarms Mining Director Ben Gagnon stressed that the company’s hash rate remained unchanged month-on-month at 5 EH/s. According to him, one of the factors behind the growth in BTC production was a “temporary jump” in transaction fees.