JustLend DAO Ecosystem Rewards Continue to Amplify: Two Rounds of Cumulative Burn Exceed 1 Billion JST, Deflation Proces | Bee Network
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Original translation by Chopper The financial logic of Bitcoin miners is quite simple: they survive on fixed protocol revenue but face fluctuating real-world expenses. When markets are volatile, they are the first to feel the pressure on their balance sheets. Miners’ revenue comes from selling the Bitcoins they mine, while their operating costs are primarily the electricity bills for the heavy computers needed to run mining. This week, I tracked some key data for Bitcoin miners: the network pays them, the cost of earning that revenue, the remaining profit after deducting cash outlays, and the final net profit after accounting. With Bitcoin prices currently below $90,000, miners are facing difficulties. Over the past two months, miners’ average 7-day revenue has dropped 35% from $60 million to $40 million. Let me…# Analysis# crypto# defi# ethereum# Market# TokenPre
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- According to the official announcement, the number of JST tokens repurchased and burned in this round reached a staggering 525 million, corresponding to a value exceeding $21 million, accounting fo...