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Bitcoin Mining Revenue Increased by 68.63% From the Lowest Daily Income in 2022

By WebsCryptoAugust 15, 20221 Min Read
Bitcoin Mining Revenue Increased by 68.63% From the Lowest Daily Income in 2022
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The Bitcoin mining industry has endured significant financial stress throughout 2022 as a prolonged bear market directly affects their earnings.

However, on June 13, the lowest day of the year, miners’ mining revenue increased by 68.63% in one month.

During the year, Bitcoin mining revenue declined due to a combination of factors centered on investor sentiment, driven by tensions caused by market crashes, ecosystem collapses, and money-losing investments.

The Bitcoin ecosystem has recovered amid numerous determinants, including miners’ dollar revenue, network difficulty, and hash rate.

Related:  The Fair Market Value of Bitcoin Held by Tesla in 2022 Is $191 Million, and the Impairment Loss Is $204 Million
DISCLAIMER: The information provided by WebsCrypto does not represent any investment suggestion. The articles published on this site only represent personal opinions and have nothing to do with the official position of WebsCrypto.
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