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Bitcoin Mining Revenue Up $35 Million Per Day Since China Crackdown

Source: decrypt.co decrypt.co
News Snapshot:

In brief – China cracked down on Bitcoin mining in June. – That brought a dip in the network's hashrate. – The remaining miners have been capitalizing on decreased competition. Bitcoin miners are raking in the big bucks, two months after a crackdown on [Bitcoin](/resources/what-is-bitcoin-four-minute-instant-guide-explainer) in China took most of the country's miners offline. According to a report today from Arcane Research , daily Bitcoin mining revenue is up 10%, or $4.3 million, from the previous week. The transaction fees generated are up 22%, or $118,000 per day. Data from YCharts shows this to be a longer trend dating back…

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