Blockchain and crypto research firm Diar: Bitcoin mining revenues have begun climbing after falling to their lowest levels in 18 months

Bitcoin (BTCmining revenues have begun climbing after falling to their lowest levels in 18 months, statistics from cryptocurrency industry newsletter Diar confirmed Mar. 4.

Capping a troubling year for miners, February saw revenue drop to amounts not seen since August 2017 — when Bitcoin was at the start of its most recent bull run.

Mining income totalled $195 million in February 2019, down from $210 million in January and a fraction of the $951 million all-time highs seen at the height of the bull run in December 2017.

“To make matters slightly more difficult, miners running optimal equipment and who have secured wholesale electricity prices have seen their gross margins squeezed requiring a massive deployment of hash power in order to stay afloat,” Diar added.

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Source: https://cointelegraph.com/news/bitcoin-mining-revenue-begins-slow-recovery-after-18-month-lows-new-report-shows