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  • Bitcoin mining revenue is the lowest in the last two years and the hash rate is on the decline
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Bitcoin mining revenue is the lowest in the last two years and the hash rate is on the decline

Crypto, Bitcoin
Published 2 years ago
ID #1938
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Bitcoin mining revenue is the lowest in the last two years and the hash rate is on the decline
Crypto, Bitcoin,
Published 2 years ago

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Revenue earned by Bitcoin - BTC miners fell to two-year lows due to poor market performance and increased computational demand amid increasing network difficulty. 

Total Bitcoin mining revenue  block rewards and transaction fees  in US dollars fell to $11.67 million, a figure last seen on November 2, 2020, when Bitcoin's trading price It was around $13,500.

While the current market price of around $16,500 suggests a clear increase in mining revenue, factors such as increased mining difficulty and rising energy prices contribute to lower revenue in dollar terms.

Bitcoin mining 

mining hash 

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