{"id":12974,"date":"2022-08-13T06:48:52","date_gmt":"2022-08-13T06:48:52","guid":{"rendered":"https:\/\/nftandcrypto-news.com\/crypto\/bitcoin-mining-revenue-jumps-68-6-from-the-lowest-earning-day-of-2022\/"},"modified":"2022-08-13T06:48:54","modified_gmt":"2022-08-13T06:48:54","slug":"bitcoin-mining-revenue-jumps-68-6-from-the-lowest-earning-day-of-2022","status":"publish","type":"post","link":"https:\/\/nftandcrypto-news.com\/crypto\/bitcoin-mining-revenue-jumps-68-6-from-the-lowest-earning-day-of-2022\/","title":{"rendered":"Bitcoin mining revenue jumps 68.6% from the lowest-earning day of 2022"},"content":{"rendered":"
The Bitcoin (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\u2019s lowest mining revenue day, June 13, witnessed a 68.63% increase in mining revenue within a month.<\/p>\n
Over the year, revenue from Bitcoin mining dropped due to a multitude of factors centered around investor sentiment \u2014 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\u2019 revenue in dollars, network difficulty and hash rate.<\/p>\n