The Bitcoin (BTC<\/a>) mining industry endured immense financial stress throughout the year 2022 as a prolonged bear market<\/a> directly impacted their earnings when translated to the United States dollar. However, miners resilient to the year\u2019s lowest mining revenue day<\/a>, June 13, witnessed a 68.63% increase in mining revenue within a month.<\/p>\n Over the year, revenue from Bitcoin mining dropped due to a multitude of factors centered around investor sentiment \u2014 driven by tensions arising from market crashes, ecosystem collapses and loss-making investments. Cutting through the noise, the Bitcoin ecosystem recovered across numerous determinants, including miners\u2019 revenue in USD, network difficulty and hash rate.<\/p>\n Data from blockchain.com confirms<\/a> that BTC mining revenue jumped nearly 69% in one month \u2014 from $13.928 million on July 13 to $23.488 million on Aug. 12. The significant increase in mining revenue reassures Bitcoin mining as a viable business despite high operational costs. In addition, lower mining equipment (GPU) prices have allowed BTC miners to expand their existing infrastructure as they pursue mining the last 2 million BTC<\/a>.<\/p>\n Alongside mining revenue, Bitcoin\u2019s hash rate grew over 10% over the last month, adding to the network\u2019s resilience against double-spending attacks. However, as a result, network difficulty \u2014 a measure of how difficult it is to mine a new BTC block \u2014 increased for the first time since June.<\/p>\n![](\"https:\/\/s3.cointelegraph.com\/uploads\/2022-08\/4b35799d-b3b9-4cee-ae8e-2c03b84a30dd.png\")