Bitcoin mining revenue has dropped to levels not seen since November 2022, despite the hash rate reaching new highs. The Bitcoin network hash rate has surged 54% from the beginning of 2023 and 80% over the past year, according to Blockchain.com. However, the revenue has fallen sharply to $0.060 per terahash per second per day, around half of what it was in early May. Bitcoin miners have reportedly been relying on funds from stock sales in the second quarter to keep them afloat during the bear market.
Welcome Back
Click “Sign in” to agree to Cointime’s Terms of Service and acknowledge that Cointime’s Privacy Policy applies to you.
Join CoinTime
Already have an account?
Click “page.Sign up” to agree to Cointime’s <a class="underline" href="#term-of-service">Terms of Service</a> and acknowledge that Cointime’s a class="underline" href="#privacy-policy">Privacy Policy</a> applies to you.
Sign in with email
Sign up with email
Your email
Check your inbox
Click the link we sent to to sign in.
Click the link we sent to to sign up.
Bitcoin Miners Struggle as Hash Rate Reaches New Highs and Revenue Slumps to 2022 Levels
-
Wechat scan to share
Recommended for you
-
Solana's market value exceeds Sony and Medtronic, and its global asset market value ranking rises to 165th
According to 8marketcap data, Solana's market value has reached $112.31 billion, surpassing Sony and Medtronic, and ranking 165th in the global asset market value rankings. -
The total open interest of Bitcoin contracts on the entire network exceeded US$55 billion
According to Coinglass data, the total open position of Bitcoin futures contracts on the entire network is 602,700 BTC (approximately $55.11 billion). -
A smart money bought 13.7 million ZEREBRO at the end of October, making a profit of more than 2.5 million US dollars
The Data Nerd observed that on October 29th and 30th, DNfuF spent $13,500 to buy 13.7 million ZEREBRO. Afterwards, they sold 6.1 million of them and earned $311,000, resulting in a profit of $297,000. Currently, the address still holds 7.07 million ZEREBRO, which is approximately $2.29 million. -
BTC breaks through $91,000
according to market data, BTC has broken through $91,000 and is currently trading at $91,002.03, with a 24-hour decline narrowing to 0.46%. The market is volatile, so please be prepared for risk control. -
Viewpoint: The recent strong rise of Bitcoin has attracted some funds to flow from gold to Bitcoin
According to China Fund News, Liu Tingyu, the manager of the Yongying CSI Shanghai-Hong Kong Gold Industry Stock ETF Fund, analyzed that after the results of the US election were announced and the "Trump trade" expectations were realized from September to October, some long funds took profits and caused this adjustment of gold prices. Virtual currencies and gold have a certain substitutability for sovereign currencies. The recent strong rise of Bitcoin has attracted some funds to flow from gold into Bitcoin. -
Jupiter TVL breaks through $2 billion, setting a new record, with total transaction volume exceeding $374 billion
data from Dune shows that the total trading volume of the Solana ecosystem DEX aggregator Jupiter has exceeded 374 billion US dollars, currently at 374,035,852,114 US dollars. According to DeFiLlama data, Jupiter's TVL has surpassed 2 billion US dollars, currently at 2.076 billion US dollars, reaching a historical high. -
SOL breaks through $240
market shows SOL breaking through $240, currently trading at $240.12, with a 24-hour increase of 9.92%. The market is volatile, please be prepared for risk control. -
SOL/ETH exchange rate reached 0.07686, setting a new high
the market shows that the SOL/ETH exchange rate has reached 0.07686, a new historical high; it is currently reported at 0.07551, with a 24-hour increase of 7.12%. -
NDV Lianchuang: Since October, it has gradually built up a position of more than 8 million US dollars in BNB
On November 17th, NDV co-founder Christian2022.eth posted on X, stating: "Since October, we have successively built up over 8 million US dollars worth of BNB. We believe that in the second half of the bull market, BNB and ETH will catch up and lead the way." -
EIA Temporarily Suspends Emergency Survey of Bitcoin Mining Industry
The US Department of Energy has temporarily suspended its emergency survey of Bitcoin mining operators' energy usage. The Energy Information Administration (EIA) will halt its mandatory survey for over a month and keep the data that had already been secured from stakeholders in the Bitcoin mining industry earlier this February. Riot Platforms and the Texas Blockchain Council had previously sued the administration of President Joe Biden, planning to boycott the survey citing that it could cause potential harm to businesses by compelling them to release confidential and sensitive information. The plaintiffs requested a permanent injunction from the court which mandates that EIA first complies with the law before going ahead to request the data.
Daily Must-Read
-
Uniswap Labs, UNI holders could make $468M a year from new L2: DeFi Report
-
Avalanche Foundation to buy back nearly 2M AVAX sold to Terra in 2022
-
Gold Fever Hits Costco: 77% of Stores Sell Out Amid Soaring Demand for Bullion
-
$500M Bitcoin Buried in Landfill: Man Sues City After Decade-Long Battle for Recovery
-
Former BAYC creative director Jeff Nicholas joins Meta’s Reality Labs
-
Why is Solana's Dogwifhat (WIF) memecoin crashing?
All Comments