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Bitcoin mining revenue increased by 68.63% compared to the lowest revenue day in 2022



Time:8/13/2022 12:23:18 PM

[Bitcoin mining revenue increased by 68.63% from the lowest revenue day in 2022] Jinse Finance reported that the Bitcoin (BTC) mining industry has endured tremendous financial pressure throughout 2022 because the long-term bear market has directly affected their earnings. However, on June 13, the lowest day of the year for mining revenue, miners’ mining revenue increased by 68.63% in one month.

During the year, Bitcoin mining revenues declined due to a combination of factors centered on investor sentiment, driven by tensions over market crashes, ecosystem breakdowns and lost investments. The Bitcoin ecosystem recovered amidst a number of determining factors, including miners’ dollar revenue, network difficulty, and hash rate.

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Data: On June 27, the average daily block time of Bitcoin hit a new high since the birth of Bitcoin: According to Glassnode data, the average block time of Bitcoin on June 27 was 1400 seconds, about 23.3 minutes, setting a record since the birth of Bitcoin A new high in the daily average block time of . [2021/6/28 0:12:37]

Director of the MIT Digital Currency Initiative: Bitcoin has accelerated the discussion on digital currency: On August 23, Neha Narula, director of the Massachusetts Institute of Technology (MIT) Digital Currency Initiative, said that the idea of a complete digital currency is not new, but Bitcoin adds extra fuel to this long-running discussion. She added, “We have a unique opportunity to create something like cash designed for the digital environment. Bitcoin kicked off that, and the idea of digital and e-money had been around for a while, but Bitcoin accelerated that discussion.” (The Block)[2020/8/23]

Voice | Analyst: Bitcoin is likely to be in the early stages of a rebound, and this rally may push it to a new high: Cryptocurrency analyst MoonOverlord tweeted that if judged by the current price trend, Bitcoin will soon enter a "New Era". According to his Wyckoff analysis, Bitcoin is in the early stages of a possible rally that could push the price of Bitcoin to new highs after accumulation. (CoinGape)[2020/1/13]

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Jinse Finance News, according to Glassnode data.

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