Skip to content
Herald Sheets

Herald Sheets

Live Cryptocurrency News

Follow Herald Sheets on Twitter, Facebook, Telegram, Please Read Our Disclaimer

  • Homepage
  • Start Trading
  • Guide
  • Crypto News
    • Bitcoin (BTC)
    • Ethereum (ETH)
    • Ripple (XRP)
    • Dogecoin (DOGE)
    • Cardano (ADA)
    • Litecoin (LTC)
  • Analysis
  • Blockchain
  • Mining
  • Reviews
    • Brokers
    • Exchanges
  • Regulation
  • Press Release
  • About Us
    • Contact Us
    • Privacy Policy
    • Submit Press Release
  • Disclaimer
  • Bitcoin (BTC)
  • Crypto Mining
  • Cryptocurrency
  • News

Bitcoin Mining Revenue has Increased by 180% in the Last 30 Days

Larry Wright August 1, 2021 2 min read

China did impede Bitcoin mining and issued a severe crackdown against the cryptocurrency and Bitcoin mining practices taking place within the region. Most of the miners were forced to relocate to mining-friendly frontiers such as Europe and the US; the regulatory crackdown, on the other hand, taking place on a global scale also diminished Bitcoin’s ability to scale up, thus the slashing of the price.

Elon Musk had his own two cents to add to the Bitcoin mining situation; the billionaire gruesomely attacked Bitcoin mining and the use of natural resources such as coal to power the mining equipment. According to Musk, this puts a heavy strain on our environment, and the release of carbon-intensive residues is not friendly to nature or helpful in bringing down carbon footprint in any shape or form.


trade now

Bitcoin Mining is Surging

Despite these edgier circumstances, Bitcoin mining has managed to come on top by surging at a 180% rate as compared to its price, which is still in the plummet. The revenue did bump into some setbacks but eventually has managed to return to profitability. According to a report published by data analysis firm Crypto Parrot, Bitcoin mining revenue has climbed about 180% in the last 30 days in the chronological period starting from June 27th till now. Gross revenue from crypto mining, specifically Bitcoin, stands at $841 million.

This increase in revenue points towards the resilience of Bitcoin to remain in action and confronting the competition amid the negative influence used to bring its flight down. However, the same can’t be said for Bitcoin’s current price profile as it is dwindling above and below the $30K range. But since Amazon’s crypto adoption rumor started to hit the mainstream media, Bitcoin’s price did find some traction and bumped to $40K, but that too is over since Amazon has demystified this rumor.

A common analysis between Bitcoin’s price and its mining suggests that when the price plummets, the interest of the investors also declines, and at this specific point, Bitcoin miners start to pump their mining equipment to mint new tokens, and the cycle repeats itself. If Bitcoin is not selling, it is being minted, and if it is not being minted, then trading is in action.

Trade Now

HeraldSheets.com produces top quality content for crypto companies. We provide brand exposure for hundreds of companies. All of our clients appreciate our services. If you have any questions you may contact us easily with Herald Sheets Facebook Messenger App. Cryptocurrencies and Digital tokens are highly volatile, conduct your own research before making any investment decisions. Some of the posts on this website are guest posts or paid posts that are not written by our authors and the views expressed in them do not reflect the views of this website. Herald Sheets is not responsible for the content, accuracy, quality, advertising, products or any other content posted on the site. Read full terms and conditions / disclaimer.

Continue Reading

Previous: European Decentralized Finance Market has Experienced Exponential Growth
Next: Oil Majors Venture Into Bitcoin Mining

Related Stories

Binance.US Halts OCBS and BUSD Transactions
3 min read
  • Binance
  • Crypto Trading
  • Cryptocurrency
  • Decentralized Cryptocurrency Exchange (DEX)
  • News
  • Regulation
  • Stablecoin

Binance.US Halts OCBS and BUSD Transactions

March 31, 2023
Forta Network And Blockfence Join Forces To Bolster Security For Web3 Users
3 min read
  • Blockchain
  • Cryptocurrency
  • Ethereum (ETH)
  • News
  • Scam / Hack
  • Web3

Forta Network And Blockfence Join Forces To Bolster Security For Web3 Users

March 31, 2023
Upbit Holds The Second-Largest ARB Token Amount After Binance – Report
3 min read
  • Altcoins
  • Binance
  • Blockchain
  • Crypto Trading
  • Cryptocurrency
  • Decentralized Cryptocurrency Exchange (DEX)
  • Ethereum (ETH)
  • News
  • Stablecoin

Upbit Holds The Second-Largest ARB Token Amount After Binance – Report

March 31, 2023

Top 10 Crypto

Name Price24H (%)
bitcoin
Bitcoin (BTC)
$28,482.00
1.94%
ethereum
Ethereum (ETH)
$1,827.83
1.75%
tether
Tether (USDT)
$1.00
0.13%
binancecoin
BNB (BNB)
$315.35
-0.54%
usd-coin
USD Coin (USDC)
$1.00
0.08%
ripple
XRP (XRP)
$0.51
-4.71%
cardano
Cardano (ADA)
$0.391348
0.94%
dogecoin
Dogecoin (DOGE)
$0.076811
2.93%
polkadot
Polkadot (DOT)
$6.29
1.87%
binance-usd
Binance USD (BUSD)
$1.00
0.06%

Recent Posts

  • What is Phishing? How to Avoid Phishing Attacks?
  • Binance.US Halts OCBS and BUSD Transactions
  • Forta Network And Blockfence Join Forces To Bolster Security For Web3 Users
  • Upbit Holds The Second-Largest ARB Token Amount After Binance – Report
  • SHIB’s Transaction Volume Surges By 700%; Here’s Why
  • Tokenization Of Real Word Assets To Reach $4-$5 Trillion By 2030 – Citi
  • UNICEF Announces Crypto Project, Tests Prototype DAO
  • FTX EU Launches New Website For User Withdrawal Requests
  • Gemini To Launch A Global Derivatives Platform Amidst Binance’s Regulatory Issues
  • Hong Kong’s New Fund Seeks $100M To Back New Digital Asset Projects
  • Injective Unveils L2 Testnet For Developers To Test Solana-Based Apps In Cosmos
  • Thailand SEC Considering Lifting Restrictions On ICOs
  • US SEC Forces Crypto Exchange To Shut Down
  • Russia Delays CBDC Launch, But Banks Are Eager To Experiment
  • Priority Trading Review (Priority-Trading.Com) – Is Prioritytrading Scam Or A Proper Broker?

Categories

You may have missed

What is Phishing? How to Avoid Phishing Attacks?
4 min read
  • Guide
  • Scam / Hack

What is Phishing? How to Avoid Phishing Attacks?

April 1, 2023
Binance.US Halts OCBS and BUSD Transactions
3 min read
  • Binance
  • Crypto Trading
  • Cryptocurrency
  • Decentralized Cryptocurrency Exchange (DEX)
  • News
  • Regulation
  • Stablecoin

Binance.US Halts OCBS and BUSD Transactions

March 31, 2023
Forta Network And Blockfence Join Forces To Bolster Security For Web3 Users
3 min read
  • Blockchain
  • Cryptocurrency
  • Ethereum (ETH)
  • News
  • Scam / Hack
  • Web3

Forta Network And Blockfence Join Forces To Bolster Security For Web3 Users

March 31, 2023
Upbit Holds The Second-Largest ARB Token Amount After Binance – Report
3 min read
  • Altcoins
  • Binance
  • Blockchain
  • Crypto Trading
  • Cryptocurrency
  • Decentralized Cryptocurrency Exchange (DEX)
  • Ethereum (ETH)
  • News
  • Stablecoin

Upbit Holds The Second-Largest ARB Token Amount After Binance – Report

March 31, 2023
Copyright © All rights reserved. | DarkNews by AF themes.
  • RelevantRelevant(REL)$0.825.35%
  • TadpoleTadpole(TAD)$7.32-1.74%
  • SEENSEEN(SEEN)$2.05-2.27%
  • EvedoEvedo(EVED)$0.082301-0.80%
  • MarginswapMarginswap(MFI)$0.184213-2.11%
  • SakeTokenSakeToken(SAKE)$0.0127135.28%
  • WTF TokenWTF Token(WTF)$0.0113500.17%
  • BNSD FinanceBNSD Finance(BNSD)$0.005461-5.83%
  • RobotinaRobotina(ROX)$0.00266138.50%
  • CageCage(C4G3)$0.005010-3.67%