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Bitcoin mining revenue jumps 68.6% from the lowest-earning day of 2022

Cryptocurrency 58 minutes ago (Aug 13, 2022 03:40AM ET)

Bitcoin mining revenue jumps 68.6% from the lowest-earning day of 2022 Bitcoin mining revenue jumps 68.6% from the lowest-earning day of 2022

The (BTC) mining industry endured immense financial stress throughout the year 2022 as a prolonged bear market directly impacted their earnings when translated to the U.S. dollar. However, miners resilient to the year’s lowest mining revenue day, June 13, witnessed a 68.63% increase in mining revenue within a month.

Over the year, revenue from Bitcoin mining dropped due to a multitude of factors centered around investor sentiment — driven by tensions arising from market crashes, ecosystem collapses and loss-making investments. Cutting through the noise, the Bitcoin ecosystem recovered across numerous determinants, including miners’ revenue in dollars, network difficulty and hash rate.

Total miners revenue over time. Source: blockchain.com

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