{"id":492545,"date":"2022-06-08T17:00:13","date_gmt":"2022-06-08T17:00:13","guid":{"rendered":"https:\/\/uniquehot.com\/?p=492545"},"modified":"2024-06-11T10:51:30","modified_gmt":"2024-06-11T10:51:30","slug":"bitcoin-miner-revenues-stay-low-as-price-decline-continues","status":"publish","type":"post","link":"https:\/\/uniquehot.com\/news\/bitcoin-miner-revenues-stay-low-as-price-decline-continues\/","title":{"rendered":"Bitcoin Miner Revenues Stay Low As Price Decline Continues"},"content":{"rendered":"<p class=\"p2\">Bitcoin miners have been one of the worse-hit following the decline in the price of the digital asset. After what can be said to be a wonderful run towards the end of 2021, the miners have now hit a rough patch where their revenues have been dropping. The previous week would prove to be no different, signaling a continuation of lower cash flow on the part of miners, as the daily miner revenues remain depressed in the first week of June.<\/p>\n<h2 class=\"p2\">Bitcoin Miners Take A Hit<\/h2>\n<p class=\"p2\">Bitcoin miners have not had the best couple of months now. With the price of bitcoin dropping, miner revenues have taken a hit. This had seen their daily figures drop to $26 million the previous week and with a 1.47% increase last week, daily miner revenues had jumped to $27.19 million. This is a far cry from what miners were earning when the price of the digital asset had hit its all-time high.<\/p>\n<p style=\"text-align: center\"><em><strong>Related Reading |\u00a0<a href=\"https:\/\/uniquehot.com\/news\/bitcoin\/el-salvador-postpones-bitcoin-bonds-a-second-time-heres-why\/\">El Salvador Postpones Bitcoin Bonds A Second Time, Here\u2019s Why<\/a><\/strong><\/em><\/p>\n<p class=\"p2\">Back in November 2021 when bitcoin had been trading as high as $69,000 apiece, daily miner revenues had come out to a cumulative $62 million. This means that daily miner revenues have declined more than 50% in the past six months alone. This <a href=\"https:\/\/uniquehot.com\/news\/bitcoin\/brace-for-impact-bitcoin-miners-have-begun-dumping-their-holdings\/\">drop in profitability has spurred some miners to begin selling their holdings to finance their operations<\/a>.<\/p>\n<p class=\"p2\">The percentage of miner revenues made up by fees remains average at 1.67%. There was no growth at all in this metric from the past week even though most had turned green. Transactions per day were up 0.23% but remain low.<\/p>\n<p><img loading=\"lazy\" decoding=\"async\" class=\"aligncenter size-medium\" src=\"https:\/\/www.tradingview.com\/x\/zjP5DG5T\/\" alt=\"Bitcoin price chart from TradingView.com\" width=\"3284\" height=\"1760\"><\/p>\n<pre style=\"text-align: center\">BTC down more than 50% from ATH | Source: <a href=\"http:\/\/tradingview.com\" rel=\"nofollow\">BTCUSD on TradingView.com<\/a><\/pre>\n<p class=\"p2\">Daily transaction volumes were up for the past week though. A 9.92% increase in transaction volumes saw it move up from $4.595 billion the previous week to the $5.051 billion figure that was recorded last week, emerging as the metric with the highest growth for the last seven days.<\/p>\n<h2 class=\"p2\">Hashrate Takes A Nosedive<\/h2>\n<p class=\"p2\">The bitcoin hashrate has been going the way of the daily miner revenues as this, too, had been on a decline recently. The drop in mining revenues has been the biggest factor in this drop in hashrate. While some miners have been able to sell shares or their BTC holdings to finance their mining operations, others have found themselves unable to keep up. As such, they have had to unplug their rigs and take a bow out of the market.<\/p>\n<p style=\"text-align: center\"><em><strong>Related Reading |\u00a0<a href=\"https:\/\/uniquehot.com\/news\/bitcoin\/institutional-investors-refocus-on-bitcoin-as-market-losses-intensifies\/\">Institutional Investors Refocus On Bitcoin As Market Losses Intensifies<\/a><\/strong><\/em><\/p>\n<p class=\"p2\">The result of this has been a 10% drop in the bitcoin hashrate over the last month. Block production has taken a hit due to this as the number of blocks per hour is now sitting at 5.85 blocks per hour, representing a 1.11% decrease from the previous week. Average transactions per block are up, however, recording a 0.23% growth in the last 7 days.<\/p>\n<p><img data-recalc-dims=\"1\" loading=\"lazy\" decoding=\"async\" class=\"alignnone size-medium wp-image-492547 aligncenter\" src=\"https:\/\/uniquehot.com\/wp-content\/uploads\/2022\/06\/bitcoin-hashrate.png?resize=460%2C181\" alt=\"bitcoin hashrate\" width=\"460\" height=\"181\"><\/p>\n<pre style=\"text-align: center\">BTC hashrate drops 10% | Source: <a href=\"https:\/\/arcane.no\/research\" rel=\"nofollow\">Arcane Research<\/a><\/pre>\n<p class=\"p2\">More miners with high production costs are expected to stop operations if there is no improvement in daily miner revenue. At 6.25 BTC rewards per block mined and lower prices, a lot of miners will likely run into losses.<\/p>\n<p class=\"p2\">A decrease in mining difficulty is expected to take place on Wednesday, hopefully triggering a recovery in the hashrate.<span class=\"Apple-converted-space\">\u00a0<\/span><\/p>\n<pre style=\"text-align: center\">Featured image from Coingape, charts from Arcane Research and TradingView.com<\/pre>\n<p><span class=\"s1\"><b><i>Follow <\/i><\/b><a href=\"https:\/\/twitter.com\/BestOwie\" rel=\"nofollow\"><b><i>Best Owie on Twitter<\/i><\/b><\/a><b><i> for market insights, updates, and the occasional funny tweet\u2026<\/i><\/b><\/span><span class=\"s2\">\u00a0<\/span><\/p>\n","protected":false},"excerpt":{"rendered":"<p>Bitcoin miners have been one of the worse-hit following the decline in the price of the digital asset. After what can be said to be a wonderful run towards the end of 2021, the miners have now hit a rough patch where their revenues have been dropping. The previous week would prove to be no different, signaling a continuation of lower cash flow on the part of miners, as the daily miner revenues remain depressed in the first week of June. Bitcoin Miners Take A Hit Bitcoin miners have not had the best couple of months now. With the price of bitcoin dropping, miner revenues have taken a hit. This had seen their daily figures drop to $26 million the previous week and with a 1.47% increase last week, daily miner revenues had jumped to $27.19 million. This is a far cry from what miners were earning when the price of the digital asset had hit its all-time high. Related Reading |\u00a0El Salvador Postpones Bitcoin Bonds A Second Time, Here\u2019s Why Back in November 2021 when bitcoin had been trading as high as $69,000 apiece, daily miner revenues had come out to a cumulative $62 million. This means that daily miner revenues have declined more than 50% in the past six months alone. This drop in profitability has spurred some miners to begin selling their holdings to finance their operations. The percentage of miner revenues made up by fees remains average at 1.67%. There was no growth at all in this metric from the past week even though most had turned green. Transactions per day were up 0.23% but remain low. BTC down more than 50% from ATH | Source: BTCUSD on TradingView.com Daily transaction volumes were up for the past week though. A 9.92% increase in transaction volumes saw it move up from $4.595 billion the previous week to the $5.051 billion figure that was recorded last week, emerging as the metric with the highest growth for the last seven days. Hashrate Takes A Nosedive The bitcoin hashrate has been going the way of the daily miner revenues as this, too, had been on a decline recently. The drop in mining revenues has been the biggest factor in this drop in hashrate. While some miners have been able to sell shares or their BTC holdings to finance their mining operations, others have found themselves unable to keep up. As such, they have had to unplug their rigs and take a bow out of the market. Related Reading |\u00a0Institutional Investors Refocus On Bitcoin As Market Losses Intensifies The result of this has been a 10% drop in the bitcoin hashrate over the last month. Block production has taken a hit due to this as the number of blocks per hour is now sitting at 5.85 blocks per hour, representing a 1.11% decrease from the previous week. Average transactions per block are up, however, recording a 0.23% growth in the last 7 days. BTC hashrate drops 10% | Source: Arcane Research More miners with high production costs are expected to stop operations if there is no improvement in daily miner revenue. At 6.25 BTC rewards per block mined and lower prices, a lot of miners will likely run into losses. A decrease in mining difficulty is expected to take place on Wednesday, hopefully triggering a recovery in the hashrate.\u00a0 Featured image from Coingape, charts from Arcane Research and TradingView.com Follow Best Owie on Twitter for market insights, updates, and the occasional funny tweet\u2026\u00a0<\/p>\n","protected":false},"author":541,"featured_media":492552,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"_jetpack_memberships_contains_paid_content":false,"footnotes":""},"categories":[3],"tags":[428,55860,639,640,86080,1119,84284,2989,86081],"class_list":["post-492545","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-news","tag-bitcoin","tag-bitcoin-hashrate","tag-bitcoin-miners","tag-bitcoin-mining","tag-bitcoin-mining-profitability","tag-btc","tag-btucsd","tag-miners","tag-mining-profitability"],"acf":[],"yoast_head":"\n<title>Bitcoin Miner Revenues Stay Low As Price Decline Continues<\/title>\n<meta name=\"description\" content=\"Bitcoin miners have been one of the worse-hit following the decline in the price of the digital asset. After what can be said to be a wonderful run\" \/>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/uniquehot.com\/news\/bitcoin-miner-revenues-stay-low-as-price-decline-continues\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Bitcoin Miner Revenues Stay Low As Price Decline Continues\" \/>\n<meta property=\"og:description\" content=\"Bitcoin miners have been one of the worse-hit following the decline in the price of the digital asset. After what can be said to be a wonderful run\" \/>\n<meta property=\"og:url\" content=\"https:\/\/uniquehot.com\/news\/bitcoin-miner-revenues-stay-low-as-price-decline-continues\/\" \/>\n<meta property=\"og:site_name\" content=\"NewsBTC\" \/>\n<meta property=\"article:publisher\" content=\"https:\/\/www.facebook.com\/newsbtc\" \/>\n<meta property=\"article:published_time\" content=\"2022-06-08T17:00:13+00:00\" \/>\n<meta property=\"article:modified_time\" content=\"2024-06-11T10:51:30+00:00\" \/>\n<meta property=\"og:image\" content=\"https:\/\/uniquehot.com\/wp-content\/uploads\/2022\/06\/bitcoin-miners.jpeg?fit=678%2C381\" \/>\n\t<meta property=\"og:image:width\" content=\"678\" \/>\n\t<meta property=\"og:image:height\" content=\"381\" \/>\n\t<meta property=\"og:image:type\" content=\"image\/jpeg\" \/>\n<meta name=\"author\" content=\"Best Owie\" \/>\n<meta name=\"twitter:card\" content=\"summary_large_image\" \/>\n<meta name=\"twitter:creator\" content=\"@https:\/\/twitter.com\/BestOwie\" \/>\n<meta name=\"twitter:site\" content=\"@newsbtc\" \/>\n<meta name=\"twitter:label1\" content=\"Written by\" \/>\n\t<meta name=\"twitter:data1\" content=\"Best Owie\" \/>\n\t<meta name=\"twitter:label2\" content=\"Est. reading time\" \/>\n\t<meta name=\"twitter:data2\" content=\"3 minutes\" \/>\n<script type=\"application\/ld+json\" class=\"yoast-schema-graph\">{\"@context\":\"https:\/\/schema.org\",\"@graph\":[{\"@type\":\"NewsArticle\",\"@id\":\"https:\/\/uniquehot.com\/news\/bitcoin-miner-revenues-stay-low-as-price-decline-continues\/#article\",\"isPartOf\":{\"@id\":\"https:\/\/uniquehot.com\/news\/bitcoin-miner-revenues-stay-low-as-price-decline-continues\/\"},\"author\":{\"name\":\"Best Owie\",\"@id\":\"https:\/\/uniquehot.com\/#\/schema\/person\/b236087b2f145ce081dea57a73bc356d\"},\"headline\":\"Bitcoin Miner Revenues Stay Low As Price Decline Continues\",\"datePublished\":\"2022-06-08T17:00:13+00:00\",\"dateModified\":\"2024-06-11T10:51:30+00:00\",\"mainEntityOfPage\":{\"@id\":\"https:\/\/uniquehot.com\/news\/bitcoin-miner-revenues-stay-low-as-price-decline-continues\/\"},\"wordCount\":543,\"publisher\":{\"@id\":\"https:\/\/uniquehot.com\/#organization\"},\"image\":{\"@id\":\"https:\/\/uniquehot.com\/news\/bitcoin-miner-revenues-stay-low-as-price-decline-continues\/#primaryimage\"},\"thumbnailUrl\":\"https:\/\/uniquehot.com\/wp-content\/uploads\/2022\/06\/bitcoin-miners.jpeg?fit=678%2C381\",\"keywords\":[\"bitcoin\",\"Bitcoin hashrate\",\"bitcoin miners\",\"bitcoin mining\",\"bitcoin mining profitability\",\"btc\",\"btucsd\",\"miners\",\"mining profitability\"],\"articleSection\":[\"Cryptocurrency Market News\"],\"inLanguage\":\"en-US\",\"copyrightYear\":\"2022\",\"copyrightHolder\":{\"@id\":\"https:\/\/uniquehot.com\/#organization\"}},{\"@type\":\"WebPage\",\"@id\":\"https:\/\/uniquehot.com\/news\/bitcoin-miner-revenues-stay-low-as-price-decline-continues\/\",\"url\":\"https:\/\/uniquehot.com\/news\/bitcoin-miner-revenues-stay-low-as-price-decline-continues\/\",\"name\":\"Bitcoin Miner Revenues Stay Low As Price Decline Continues\",\"isPartOf\":{\"@id\":\"https:\/\/uniquehot.com\/#website\"},\"primaryImageOfPage\":{\"@id\":\"https:\/\/uniquehot.com\/news\/bitcoin-miner-revenues-stay-low-as-price-decline-continues\/#primaryimage\"},\"image\":{\"@id\":\"https:\/\/uniquehot.com\/news\/bitcoin-miner-revenues-stay-low-as-price-decline-continues\/#primaryimage\"},\"thumbnailUrl\":\"https:\/\/uniquehot.com\/wp-content\/uploads\/2022\/06\/bitcoin-miners.jpeg?fit=678%2C381\",\"datePublished\":\"2022-06-08T17:00:13+00:00\",\"dateModified\":\"2024-06-11T10:51:30+00:00\",\"description\":\"Bitcoin miners have been one of the worse-hit following the decline in the price of the digital asset. After what can be said to be a wonderful run\",\"breadcrumb\":{\"@id\":\"https:\/\/uniquehot.com\/news\/bitcoin-miner-revenues-stay-low-as-price-decline-continues\/#breadcrumb\"},\"inLanguage\":\"en-US\",\"potentialAction\":[{\"@type\":\"ReadAction\",\"target\":[\"https:\/\/uniquehot.com\/news\/bitcoin-miner-revenues-stay-low-as-price-decline-continues\/\"]}]},{\"@type\":\"ImageObject\",\"inLanguage\":\"en-US\",\"@id\":\"https:\/\/uniquehot.com\/news\/bitcoin-miner-revenues-stay-low-as-price-decline-continues\/#primaryimage\",\"url\":\"https:\/\/uniquehot.com\/wp-content\/uploads\/2022\/06\/bitcoin-miners.jpeg?fit=678%2C381\",\"contentUrl\":\"https:\/\/uniquehot.com\/wp-content\/uploads\/2022\/06\/bitcoin-miners.jpeg?fit=678%2C381\",\"width\":678,\"height\":381,\"caption\":\"bitcoin miners\"},{\"@type\":\"BreadcrumbList\",\"@id\":\"https:\/\/uniquehot.com\/news\/bitcoin-miner-revenues-stay-low-as-price-decline-continues\/#breadcrumb\",\"itemListElement\":[{\"@type\":\"ListItem\",\"position\":1,\"name\":\"Home\",\"item\":\"https:\/\/uniquehot.com\/\"},{\"@type\":\"ListItem\",\"position\":2,\"name\":\"Bitcoin Miner Revenues Stay Low As Price Decline Continues\"}]},{\"@type\":\"WebSite\",\"@id\":\"https:\/\/uniquehot.com\/#website\",\"url\":\"https:\/\/uniquehot.com\/\",\"name\":\"NewsBTC\",\"description\":\"Bitcoin &amp; Cryptocurrency News Today\",\"publisher\":{\"@id\":\"https:\/\/uniquehot.com\/#organization\"},\"potentialAction\":[{\"@type\":\"SearchAction\",\"target\":{\"@type\":\"EntryPoint\",\"urlTemplate\":\"https:\/\/uniquehot.com\/?s={search_term_string}\"},\"query-input\":{\"@type\":\"PropertyValueSpecification\",\"valueRequired\":true,\"valueName\":\"search_term_string\"}}],\"inLanguage\":\"en-US\"},{\"@type\":\"Organization\",\"@id\":\"https:\/\/uniquehot.com\/#organization\",\"name\":\"NewsBTC\",\"url\":\"https:\/\/uniquehot.com\/\",\"logo\":{\"@type\":\"ImageObject\",\"inLanguage\":\"en-US\",\"@id\":\"https:\/\/uniquehot.com\/#\/schema\/logo\/image\/\",\"url\":\"https:\/\/uniquehot.com\/wp-content\/uploads\/2020\/06\/logo-min.png?fit=157%2C46\",\"contentUrl\":\"https:\/\/uniquehot.com\/wp-content\/uploads\/2020\/06\/logo-min.png?fit=157%2C46\",\"width\":157,\"height\":46,\"caption\":\"NewsBTC\"},\"image\":{\"@id\":\"https:\/\/uniquehot.com\/#\/schema\/logo\/image\/\"},\"sameAs\":[\"https:\/\/www.facebook.com\/newsbtc\",\"https:\/\/x.com\/newsbtc\",\"https:\/\/www.youtube.com\/channel\/UC9v9erBEru5y4c3FA0wehEw\"]},{\"@type\":\"Person\",\"@id\":\"https:\/\/uniquehot.com\/#\/schema\/person\/b236087b2f145ce081dea57a73bc356d\",\"name\":\"Best Owie\",\"image\":{\"@type\":\"ImageObject\",\"inLanguage\":\"en-US\",\"@id\":\"https:\/\/uniquehot.com\/#\/schema\/person\/image\/\",\"url\":\"https:\/\/secure.gravatar.com\/avatar\/655d8eb59d2a39996a726112b46c1492?s=96&d=mm&r=g\",\"contentUrl\":\"https:\/\/secure.gravatar.com\/avatar\/655d8eb59d2a39996a726112b46c1492?s=96&d=mm&r=g\",\"caption\":\"Best Owie\"},\"description\":\"Best Owie is a seasoned managing editor with a wealth of experience currently serving as the Managing Editor at NewsBTC. Best is a highly skilled professional with a track record of producing engaging and informative content. With a keen eye for detail and a passion for accuracy, Best is committed to ensuring that each article published meets the highest standards of quality. Best has over six years of experience in the crypto industry and has overseen the creation and publishing of thousands of articles over the years. Best is always abreast of everything that is going on in the crypto industry in order to create and curate the most relevant content for readers. This shines through in Best\u2019s publications, which are always clear and concise, enabling easy reading and understanding for all. Best is also an avid learner and advocate for new technology. This has seen Best dive into topics in areas such as decentralized finance (DeFi), non-fungible tokens (NFTs), Layer 2 blockchains, etc. In addition to this, Best is a vocal member of the crypto community across various social media platforms such as X and Reddit. Best\u2019s work garners tens of thousands of readers monthly, who rely on the information in these publications to keep up-to-date with everything happening in the crypto community. Best\u2019s articles explore breaking news, intricate systems such as yield farming, liquidity pools, and other decentralized finance (DeFi) systems. This is because Best understands the importance of information to gaining financial freedom and believes that everyone should have access to this information. Best also believes in leveraging the blockchain for philanthropy to create the most positive social impact. This involves work with charitable organizations focused on financial literacy and education. With each article, Best lends a voice to important issues such as a more financially inclusive future, transparent systems for growth and development, and technology that is not self-serving but one that serves all of humanity. When not curating engaging content, Best can be found reading a book with a cup of hot chocolate, enjoying a Netflix series, or exploring the outdoors with Green - the world\u2019s most quiet and well-behaved Husky. Best\u2019s interests also span other industries such as art, finance, and security, attending seminars and conferences in not just the crypto industry but other industries as well. As an animal lover, Best is also involved with charities for animals, local shelters, and rescues. Best is also involved in local events that promote inclusivity, such as being a prominent member of hiking clubs and a cycling club, as well as being a part of a very happy group of animal lovers. Best is a true professional in every sense of the word, with an exceptional dedication to producing high-quality work. This shines through in Best's work on and off the clock. These include advocating for inclusive crypto education for all, the impact of financial illiteracy, and the benefits of adopting new technologies such as cryptocurrencies. Best\u2019s prolific career in the media industry is a testament of how hard work and dedication pays.\",\"sameAs\":[\"https:\/\/www.linkedin.com\/in\/best-owie-41a150178\/\",\"https:\/\/x.com\/https:\/\/twitter.com\/BestOwie\"],\"url\":\"https:\/\/uniquehot.com\/author\/owiebest\/\"}]}<\/script>\n","yoast_head_json":{"title":"Bitcoin Miner Revenues Stay Low As Price Decline Continues","description":"Bitcoin miners have been one of the worse-hit following the decline in the price of the digital asset. After what can be said to be a wonderful run","robots":{"index":"index","follow":"follow","max-snippet":"max-snippet:-1","max-image-preview":"max-image-preview:large","max-video-preview":"max-video-preview:-1"},"canonical":"https:\/\/uniquehot.com\/news\/bitcoin-miner-revenues-stay-low-as-price-decline-continues\/","og_locale":"en_US","og_type":"article","og_title":"Bitcoin Miner Revenues Stay Low As Price Decline Continues","og_description":"Bitcoin miners have been one of the worse-hit following the decline in the price of the digital asset. After what can be said to be a wonderful run","og_url":"https:\/\/uniquehot.com\/news\/bitcoin-miner-revenues-stay-low-as-price-decline-continues\/","og_site_name":"NewsBTC","article_publisher":"https:\/\/www.facebook.com\/newsbtc","article_published_time":"2022-06-08T17:00:13+00:00","article_modified_time":"2024-06-11T10:51:30+00:00","og_image":[{"width":678,"height":381,"url":"https:\/\/uniquehot.com\/wp-content\/uploads\/2022\/06\/bitcoin-miners.jpeg?fit=678%2C381","type":"image\/jpeg"}],"author":"Best Owie","twitter_card":"summary_large_image","twitter_creator":"@https:\/\/twitter.com\/BestOwie","twitter_site":"@newsbtc","twitter_misc":{"Written by":"Best Owie","Est. reading time":"3 minutes"},"schema":{"@context":"https:\/\/schema.org","@graph":[{"@type":"NewsArticle","@id":"https:\/\/uniquehot.com\/news\/bitcoin-miner-revenues-stay-low-as-price-decline-continues\/#article","isPartOf":{"@id":"https:\/\/uniquehot.com\/news\/bitcoin-miner-revenues-stay-low-as-price-decline-continues\/"},"author":{"name":"Best Owie","@id":"https:\/\/uniquehot.com\/#\/schema\/person\/b236087b2f145ce081dea57a73bc356d"},"headline":"Bitcoin Miner Revenues Stay Low As Price Decline Continues","datePublished":"2022-06-08T17:00:13+00:00","dateModified":"2024-06-11T10:51:30+00:00","mainEntityOfPage":{"@id":"https:\/\/uniquehot.com\/news\/bitcoin-miner-revenues-stay-low-as-price-decline-continues\/"},"wordCount":543,"publisher":{"@id":"https:\/\/uniquehot.com\/#organization"},"image":{"@id":"https:\/\/uniquehot.com\/news\/bitcoin-miner-revenues-stay-low-as-price-decline-continues\/#primaryimage"},"thumbnailUrl":"https:\/\/uniquehot.com\/wp-content\/uploads\/2022\/06\/bitcoin-miners.jpeg?fit=678%2C381","keywords":["bitcoin","Bitcoin hashrate","bitcoin miners","bitcoin mining","bitcoin mining profitability","btc","btucsd","miners","mining profitability"],"articleSection":["Cryptocurrency Market News"],"inLanguage":"en-US","copyrightYear":"2022","copyrightHolder":{"@id":"https:\/\/uniquehot.com\/#organization"}},{"@type":"WebPage","@id":"https:\/\/uniquehot.com\/news\/bitcoin-miner-revenues-stay-low-as-price-decline-continues\/","url":"https:\/\/uniquehot.com\/news\/bitcoin-miner-revenues-stay-low-as-price-decline-continues\/","name":"Bitcoin Miner Revenues Stay Low As Price Decline Continues","isPartOf":{"@id":"https:\/\/uniquehot.com\/#website"},"primaryImageOfPage":{"@id":"https:\/\/uniquehot.com\/news\/bitcoin-miner-revenues-stay-low-as-price-decline-continues\/#primaryimage"},"image":{"@id":"https:\/\/uniquehot.com\/news\/bitcoin-miner-revenues-stay-low-as-price-decline-continues\/#primaryimage"},"thumbnailUrl":"https:\/\/uniquehot.com\/wp-content\/uploads\/2022\/06\/bitcoin-miners.jpeg?fit=678%2C381","datePublished":"2022-06-08T17:00:13+00:00","dateModified":"2024-06-11T10:51:30+00:00","description":"Bitcoin miners have been one of the worse-hit following the decline in the price of the digital asset. After what can be said to be a wonderful run","breadcrumb":{"@id":"https:\/\/uniquehot.com\/news\/bitcoin-miner-revenues-stay-low-as-price-decline-continues\/#breadcrumb"},"inLanguage":"en-US","potentialAction":[{"@type":"ReadAction","target":["https:\/\/uniquehot.com\/news\/bitcoin-miner-revenues-stay-low-as-price-decline-continues\/"]}]},{"@type":"ImageObject","inLanguage":"en-US","@id":"https:\/\/uniquehot.com\/news\/bitcoin-miner-revenues-stay-low-as-price-decline-continues\/#primaryimage","url":"https:\/\/uniquehot.com\/wp-content\/uploads\/2022\/06\/bitcoin-miners.jpeg?fit=678%2C381","contentUrl":"https:\/\/uniquehot.com\/wp-content\/uploads\/2022\/06\/bitcoin-miners.jpeg?fit=678%2C381","width":678,"height":381,"caption":"bitcoin miners"},{"@type":"BreadcrumbList","@id":"https:\/\/uniquehot.com\/news\/bitcoin-miner-revenues-stay-low-as-price-decline-continues\/#breadcrumb","itemListElement":[{"@type":"ListItem","position":1,"name":"Home","item":"https:\/\/uniquehot.com\/"},{"@type":"ListItem","position":2,"name":"Bitcoin Miner Revenues Stay Low As Price Decline Continues"}]},{"@type":"WebSite","@id":"https:\/\/uniquehot.com\/#website","url":"https:\/\/uniquehot.com\/","name":"NewsBTC","description":"Bitcoin &amp; Cryptocurrency News Today","publisher":{"@id":"https:\/\/uniquehot.com\/#organization"},"potentialAction":[{"@type":"SearchAction","target":{"@type":"EntryPoint","urlTemplate":"https:\/\/uniquehot.com\/?s={search_term_string}"},"query-input":{"@type":"PropertyValueSpecification","valueRequired":true,"valueName":"search_term_string"}}],"inLanguage":"en-US"},{"@type":"Organization","@id":"https:\/\/uniquehot.com\/#organization","name":"NewsBTC","url":"https:\/\/uniquehot.com\/","logo":{"@type":"ImageObject","inLanguage":"en-US","@id":"https:\/\/uniquehot.com\/#\/schema\/logo\/image\/","url":"https:\/\/uniquehot.com\/wp-content\/uploads\/2020\/06\/logo-min.png?fit=157%2C46","contentUrl":"https:\/\/uniquehot.com\/wp-content\/uploads\/2020\/06\/logo-min.png?fit=157%2C46","width":157,"height":46,"caption":"NewsBTC"},"image":{"@id":"https:\/\/uniquehot.com\/#\/schema\/logo\/image\/"},"sameAs":["https:\/\/www.facebook.com\/newsbtc","https:\/\/x.com\/newsbtc","https:\/\/www.youtube.com\/channel\/UC9v9erBEru5y4c3FA0wehEw"]},{"@type":"Person","@id":"https:\/\/uniquehot.com\/#\/schema\/person\/b236087b2f145ce081dea57a73bc356d","name":"Best Owie","image":{"@type":"ImageObject","inLanguage":"en-US","@id":"https:\/\/uniquehot.com\/#\/schema\/person\/image\/","url":"https:\/\/secure.gravatar.com\/avatar\/655d8eb59d2a39996a726112b46c1492?s=96&d=mm&r=g","contentUrl":"https:\/\/secure.gravatar.com\/avatar\/655d8eb59d2a39996a726112b46c1492?s=96&d=mm&r=g","caption":"Best Owie"},"description":"Best Owie is a seasoned managing editor with a wealth of experience currently serving as the Managing Editor at NewsBTC. Best is a highly skilled professional with a track record of producing engaging and informative content. With a keen eye for detail and a passion for accuracy, Best is committed to ensuring that each article published meets the highest standards of quality. Best has over six years of experience in the crypto industry and has overseen the creation and publishing of thousands of articles over the years. Best is always abreast of everything that is going on in the crypto industry in order to create and curate the most relevant content for readers. This shines through in Best\u2019s publications, which are always clear and concise, enabling easy reading and understanding for all. Best is also an avid learner and advocate for new technology. This has seen Best dive into topics in areas such as decentralized finance (DeFi), non-fungible tokens (NFTs), Layer 2 blockchains, etc. In addition to this, Best is a vocal member of the crypto community across various social media platforms such as X and Reddit. Best\u2019s work garners tens of thousands of readers monthly, who rely on the information in these publications to keep up-to-date with everything happening in the crypto community. Best\u2019s articles explore breaking news, intricate systems such as yield farming, liquidity pools, and other decentralized finance (DeFi) systems. This is because Best understands the importance of information to gaining financial freedom and believes that everyone should have access to this information. Best also believes in leveraging the blockchain for philanthropy to create the most positive social impact. This involves work with charitable organizations focused on financial literacy and education. With each article, Best lends a voice to important issues such as a more financially inclusive future, transparent systems for growth and development, and technology that is not self-serving but one that serves all of humanity. When not curating engaging content, Best can be found reading a book with a cup of hot chocolate, enjoying a Netflix series, or exploring the outdoors with Green - the world\u2019s most quiet and well-behaved Husky. Best\u2019s interests also span other industries such as art, finance, and security, attending seminars and conferences in not just the crypto industry but other industries as well. As an animal lover, Best is also involved with charities for animals, local shelters, and rescues. Best is also involved in local events that promote inclusivity, such as being a prominent member of hiking clubs and a cycling club, as well as being a part of a very happy group of animal lovers. Best is a true professional in every sense of the word, with an exceptional dedication to producing high-quality work. This shines through in Best's work on and off the clock. These include advocating for inclusive crypto education for all, the impact of financial illiteracy, and the benefits of adopting new technologies such as cryptocurrencies. Best\u2019s prolific career in the media industry is a testament of how hard work and dedication pays.","sameAs":["https:\/\/www.linkedin.com\/in\/best-owie-41a150178\/","https:\/\/x.com\/https:\/\/twitter.com\/BestOwie"],"url":"https:\/\/uniquehot.com\/author\/owiebest\/"}]}},"parsely":{"version":"1.1.0","meta":{"@context":"https:\/\/schema.org","@type":"NewsArticle","headline":"Bitcoin Miner Revenues Stay Low As Price Decline Continues","url":"http:\/\/uniquehot.com\/news\/bitcoin-miner-revenues-stay-low-as-price-decline-continues\/","mainEntityOfPage":{"@type":"WebPage","@id":"http:\/\/uniquehot.com\/news\/bitcoin-miner-revenues-stay-low-as-price-decline-continues\/"},"thumbnailUrl":"https:\/\/uniquehot.com\/wp-content\/uploads\/2022\/06\/bitcoin-miners.jpeg?resize=200%2C200","image":{"@type":"ImageObject","url":"https:\/\/uniquehot.com\/wp-content\/uploads\/2022\/06\/bitcoin-miners.jpeg?fit=678%2C381"},"articleSection":"Cryptocurrency Market News","author":[{"@type":"Person","name":"Best Owie"}],"creator":["Best Owie"],"publisher":{"@type":"Organization","name":"NewsBTC","logo":"https:\/\/uniquehot.com\/wp-content\/uploads\/2020\/06\/cropped-cropped-cropped-favicon.png?w=32"},"keywords":["bitcoin","bitcoin hashrate","bitcoin miners","bitcoin mining","bitcoin mining profitability","btc","btucsd","miners","mining profitability"],"dateCreated":"2022-06-08T17:00:13Z","datePublished":"2022-06-08T17:00:13Z","dateModified":"2024-06-11T10:51:30Z"},"rendered":"<script type=\"application\/ld+json\">{\"@context\":\"https:\\\/\\\/schema.org\",\"@type\":\"NewsArticle\",\"headline\":\"Bitcoin Miner Revenues Stay Low As Price Decline Continues\",\"url\":\"http:\\\/\\\/uniquehot.com\\\/news\\\/bitcoin-miner-revenues-stay-low-as-price-decline-continues\\\/\",\"mainEntityOfPage\":{\"@type\":\"WebPage\",\"@id\":\"http:\\\/\\\/uniquehot.com\\\/news\\\/bitcoin-miner-revenues-stay-low-as-price-decline-continues\\\/\"},\"thumbnailUrl\":\"https:\\\/\\\/uniquehot.com\\\/wp-content\\\/uploads\\\/2022\\\/06\\\/bitcoin-miners.jpeg?resize=200%2C200\",\"image\":{\"@type\":\"ImageObject\",\"url\":\"https:\\\/\\\/uniquehot.com\\\/wp-content\\\/uploads\\\/2022\\\/06\\\/bitcoin-miners.jpeg?fit=678%2C381\"},\"articleSection\":\"Cryptocurrency Market News\",\"author\":[{\"@type\":\"Person\",\"name\":\"Best Owie\"}],\"creator\":[\"Best Owie\"],\"publisher\":{\"@type\":\"Organization\",\"name\":\"NewsBTC\",\"logo\":\"https:\\\/\\\/uniquehot.com\\\/wp-content\\\/uploads\\\/2020\\\/06\\\/cropped-cropped-cropped-favicon.png?w=32\"},\"keywords\":[\"bitcoin\",\"bitcoin hashrate\",\"bitcoin miners\",\"bitcoin mining\",\"bitcoin mining profitability\",\"btc\",\"btucsd\",\"miners\",\"mining profitability\"],\"dateCreated\":\"2022-06-08T17:00:13Z\",\"datePublished\":\"2022-06-08T17:00:13Z\",\"dateModified\":\"2024-06-11T10:51:30Z\"}<\/script>","tracker_url":"https:\/\/cdn.parsely.com\/keys\/uniquehot.com\/p.js"},"jetpack_sharing_enabled":true,"jetpack_featured_media_url":"https:\/\/uniquehot.com\/wp-content\/uploads\/2022\/06\/bitcoin-miners.jpeg?fit=678%2C381","amp_enabled":true,"_links":{"self":[{"href":"https:\/\/uniquehot.com\/wp-json\/wp\/v2\/posts\/492545","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/uniquehot.com\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/uniquehot.com\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/uniquehot.com\/wp-json\/wp\/v2\/users\/541"}],"replies":[{"embeddable":true,"href":"https:\/\/uniquehot.com\/wp-json\/wp\/v2\/comments?post=492545"}],"version-history":[{"count":0,"href":"https:\/\/uniquehot.com\/wp-json\/wp\/v2\/posts\/492545\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/uniquehot.com\/wp-json\/wp\/v2\/media\/492552"}],"wp:attachment":[{"href":"https:\/\/uniquehot.com\/wp-json\/wp\/v2\/media?parent=492545"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/uniquehot.com\/wp-json\/wp\/v2\/categories?post=492545"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/uniquehot.com\/wp-json\/wp\/v2\/tags?post=492545"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}