With a small and big bull market in Bitcoin, the nearly a-year struggle for survival in the interrelated mining ecosystem is gradually working. In the first month of 2023, the bitcoin digging world rewarded transaction fees based on payments, and revenue increased by 50%.

On December 28th, 2022, Bitcoin mining revenues fell to $13.6 million for the first time since October 2020. This, coupled with the rising energy prices in the international situation in US-Russian relations, has brought tremendous accounting pressure on mining companies, driving some companies to shut down.

Because Bitcoin still has an important influence on a smooth recovery, mining revenue has increased by 50% in dollar terms, as shown below.

Bitcoin mining revenue jumped to nearly $23 million in 30 days, up from $15.3 million on Jan. 1.

With more mining and adding power to ensure the security of the fragmented Bitcoin Internet, Bitcoin's hash rate has once again hit an all-time high. At the time of this writing, the hash rate of Bitcoin is about 300 ash per second.

One of the bigger criticisms of Bitcoin is still the operation of the working unit to prove the high energy requirements of the consensus mechanism. In October 2022, Cointelegraph reported that energy consumption in Bitcoin increased by 41 per cent year-on-year.

But persistent efforts to provide greener energy for Bitcoin mining equipment are committed to dealing with this dilemma. A mining company recently used a trapped energy source in Malawi, a landlocked African state in the southeast.

According to Cointelegraph, the project was undertaken by Gridless and tested using 50KW's anchored energy as a new bitcoin mine.

Referring to the overall harm of this measure, Eric Hersman, co-founder and CEO of Gridless, said: "Power engineering real estate developers built these units many years ago, but they can't expand to more homes because they are hardly profitable and can't afford to buy more watt-hour meters to connect to more homes. As a result, our own business allows them to submit orders for more than 200 watt-hour meters to connect more homes.

In addition, the environmental footprint of Bitcoin mining facilities is relatively low because it relies entirely on river-based hydropower projects.