Miners seem to have recovered from the losses incurred due to the collapse of the cryptocurrency market in 2018, and increased productivity by more than 30%.
Bitcoin hashrate network has been steadily increasing since the end of last year, which indicates the activation of mining pools. Miners worked hard even when the price of the main cryptocurrency fell. The corresponding post on Twitter posted analytics service DRIVE Markets.
They emphasized:
It is quite possible that bitcoin mining has once again become profitable, since during the period of the fall of the crypto-market many mining pools reduced mining of coins or stopped it altogether.
Those miners’ teams that decided to stay on the market and switched to new mining technologies won from such dynamics.
