Cryptocurrency mining produced increasing revenue over the years, leading to 63 million U.S. dollars on a single day in 2021. Bitcoin mining is an investment, weighing the cost of energy and hardware against the expected returns. Mining pools, or groups of miners, tend to be located in regions where electricity is inexpensive. These miners also follow different virtual currencies, mining the cryptocurrency that they expect will have the highest return.
Revenue raised from cryptocurrency mining worldwide from January 2009 to June 27, 2021
(in million U.S. dollars)
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Blockchain. (June 28, 2021). Revenue raised from cryptocurrency mining worldwide from January 2009 to June 27, 2021 (in million U.S. dollars) [Graph]. In Statista. Retrieved December 03, 2024, from https://www.statista.com/statistics/731383/bitcoin-mining-revenue/
Blockchain. "Revenue raised from cryptocurrency mining worldwide from January 2009 to June 27, 2021 (in million U.S. dollars)." Chart. June 28, 2021. Statista. Accessed December 03, 2024. https://www.statista.com/statistics/731383/bitcoin-mining-revenue/
Blockchain. (2021). Revenue raised from cryptocurrency mining worldwide from January 2009 to June 27, 2021 (in million U.S. dollars). Statista. Statista Inc.. Accessed: December 03, 2024. https://www.statista.com/statistics/731383/bitcoin-mining-revenue/
Blockchain. "Revenue Raised from Cryptocurrency Mining Worldwide from January 2009 to June 27, 2021 (in Million U.S. Dollars)." Statista, Statista Inc., 28 Jun 2021, https://www.statista.com/statistics/731383/bitcoin-mining-revenue/
Blockchain, Revenue raised from cryptocurrency mining worldwide from January 2009 to June 27, 2021 (in million U.S. dollars) Statista, https://www.statista.com/statistics/731383/bitcoin-mining-revenue/ (last visited December 03, 2024)
Revenue raised from cryptocurrency mining worldwide from January 2009 to June 27, 2021 (in million U.S. dollars) [Graph], Blockchain, June 28, 2021. [Online]. Available: https://www.statista.com/statistics/731383/bitcoin-mining-revenue/