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Thursday

26 November 2020

Bitcoin mining revenue hits yearly high, after return to pre-halving levels

Bitcoin mining revenue hits yearly high, after return to pre-halving levels


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Data from analytics provider, Glassnode, suggests that revenue from Bitcoin mining is now back at the same levels it was as when block rewards were double what they are now.

Following the halving event, which dropped block rewards from 12.5 BTC to 6.25 BTC, revenue plummeted to just over $7 million per day.

The current mining revenue figures and hash rate recovery bodes well for the continuation of the bull market which may just take Bitcoin prices to a new all-time high before the end of the year.

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cointelegraph.com
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