{"id":16596,"date":"2023-01-30T09:58:46","date_gmt":"2023-01-30T09:58:46","guid":{"rendered":"https:\/\/nftandcrypto-news.com\/crypto\/bitcoin-mining-revenue-jumps-up-50-to-23m-in-one-month\/"},"modified":"2023-01-30T09:58:48","modified_gmt":"2023-01-30T09:58:48","slug":"bitcoin-mining-revenue-jumps-up-50-to-23m-in-one-month","status":"publish","type":"post","link":"https:\/\/nftandcrypto-news.com\/crypto\/bitcoin-mining-revenue-jumps-up-50-to-23m-in-one-month\/","title":{"rendered":"Bitcoin mining revenue jumps up 50% to $23M in one month"},"content":{"rendered":"
As Bitcoin (BTC) shows a minor bull run, the connected sub-ecosystems\u2019 year-long struggle for survival has started to pay off. For starters, the Bitcoin mining community experienced a 50% increase in revenue \u2014 through mining rewards and transaction fees \u2014 in the first month of 2023.<\/p>\n
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 \u2013 forcing a few to shut shop. <\/p>\n
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.<\/p>\n