Bitcoin miners are facing increased pressure following the halving event, with a sudden decrease in revenue. This has resulted in miners earning the least amount since March 2020. The network recently underwent its fourth negative difficulty adjustment of the year, leading to a significant -5.6% drop in hashrate, the largest since November 2022. The decline in revenue and hashrate has put a strain on miners, exacerbated by the reduction in block rewards. These challenges underscore the difficulties miners face in staying profitable amidst market uncertainties and halving events, hinting at potential changes in the Bitcoin mining industry.
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