Mining Revenue Declines Over Past Week

The revenue cryptocurrency miners have generated over the past week has declined week-on-week according to data published by CoinMetrics. CoinMetrics is a data-focused on-chain analysis company and published the findings in their June 11th newsletter. The USD prices of the top cryptocurrencies recorded significant declines last week. With prices being an important variable in miner profitability, the decline in prices explains the reduced profitability. Litecoin was the exception with a 10% appreciation recorded in USD price. This was reflected in the week-on-week change in miner revenue with Litecoin mining revenue declining the least.

Source: CoinMetrics