Bitcoin mining revenues increase

Şükriye Akdeniz

Aug 17, 2021

The mining revenues of the leading cryptocurrency Bitcoin increased

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The mobility of the network activity of Bitcoin, the leading currency of the crypto money market, has been quite high since the beginning of August. The total number of active addresses of BTCs and the activity of Bitcoin whalers increased significantly during this period.
Comparing July data with August data, it is seen that Bitcoin mining revenues have increased sharply.
After the Bitcoin mining hash rate peaked at 180 EH/s in May 2021, BTC mining pressure in China caused a massive drop in the hash rate by around 50% in June and July. During the most recent mining transition, Bitcoin mining revenues per hash increased by about 57%.
The recent increase in Bitcoin price reflected positively on BTC holders. By price, the world's largest cryptocurrency rose from $29,000 on July 20, 2021, to nearly $48,000 on August 16.

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