Bitcoin miners’ daily revenue rose 78% from July’s lows of about $27M to as much as $48M, according to a weekly CryptoQuant report shared with CryptoSlate.
Transaction fees remain weak, and a lower Bitcoin price or higher mining difficulty could reverse the recovery. Stronger industry revenue does not mean every operator is profitable: margins depend on electricity, hardware and financing costs.
Transaction fees remain weak, and a lower Bitcoin price or higher mining difficulty could reverse the recovery. Stronger industry revenue does not mean every operator is profitable: margins depend on electricity, hardware and financing costs.