Bitcoin Miners Stunned by Revenue Drop of 30 Percent

Bitcoin Miners' Decline Attributed to Instability in BTC Value

In the past 6 months, Bitcoin miners have recorded a decline of more than 30% in revenue. It's worth noting that in November, the revenue for Bitcoin miners reached $615.1 million, which is $300 million less than January revenue.

The decline is attributed to the instability in BTC value, increased network hashrate, surplus supply of ASIC, and rising energy costs.