Bitcoin Mining Revenues See Major Decline

With recent decline in the Bitcoin (BTC) price, the revenue generated by Bitcoin miners has also plummeted.

According to data from Blockchain.com, as of August 21, the total revenue of Bitcoin miners fell to a 12-month low of USD 19.65 million.

On August 22, 2021, the total revenue of Bitcoin miners was 50.73 million USD. This represents a 61% drop in Bitcoin mining revenue in one year.