Bitcoin mining revenue jumps up 50% to $23M in one month

On Dec. 28, 2022, Bitcoin mining revenue dipped to $13.6 million for the first time since October 2020. This, coupled with rising energy prices amid geopolitical tensions, imposed tremendous financial pressure on the companies running mining operations – forcing a few to shut shop.

As Bitcoin remains well-positioned for a steady recovery, the mining industry witnessed a 50% growth in revenue in terms of US dollars, as shown below.Bitcoin mining revenue jumped from $15.3 million on Jan. 1 to nearly $23 million in the span of 30 days. As more miners join to power and secure the decentralized Bitcoin network, the hash rate continues to attain new all-time highs. At the time of writing, the Bitcoin hash rate stood at around the 300 exahashes per second mark.

1Feb_GodKabir_NirvanaDiwas आजीवन पाखंडवाद, जातिवाद, सांप्रदायिकता पर गहरी चोट करने वाले कबीर परमेश्वर जी जब सशरीर सतलोक गए तब उन्होंने उस समय हिंदू मुस्लिमों के बीच होने वाले भयंकर युद्ध को टाल दिया था। मगहर से सतलोक

As Bitcoin remains well-positioned for a steady recovery, the mining industry witnessed a 50% growth in revenue in terms of U.S. dollars.

⛏️⛏️👍🔥

GM

Hopeful to see these growth numbers irrespective of the fluctuating market condition. 🚀

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