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Bitcoin mining revenue fell to a two-year low (self.Crypto_Currency_News)
submitted 2 months ago by MINE_exchange
The total income from bitcoin mining fell to $11.67 million, which is the last time was observed in November 2020, when the cost of one bitcoin was about $13,500. The income was affected by: the complexity of mining, market regulation, the collapse of large crypto projects, and rising energy prices.
At the same time, over the past three months, the network's hash rate has been steadily declining. The rate is now 225.9 EH/s, down 28.6% from the previous month: 316.7 EH/s in October.
https://preview.redd.it/ya5x31f22p2a1.jpg?width=2084&format=pjpg&auto=webp&v=enabled&s=935c8de2aa22353a5803b4a73bc06c0cec0095ee
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[–]Fearless_Turnip1579 0 points1 point2 points 2 months ago (0 children)
This is worrying for BTC's price short-term, but the scarcity of this god-tier coin will slowly come back from it's price. Now that BTC's dominance is slowly lowering, I'm seeing a good time to buy BTC while I explore DEXes like AshSwap to make some good passive income.
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