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The 5 Month Halving Hangover: Bitcoin Miners Continue to Face Revenue Struggles  Bitcoin.com 2 weeks ago

The 5 Month Halving Hangover: Bitcoin Miners Continue to Face Revenue Struggles  💸

Bitcoin miners are still grappling with revenue challenges even though BTC prices increased by 6.97% in September. The hashprice, which is the anticipated daily revenue from 1 petahash per second (PH/s), remains notably low. This ongoing issue signifies that miners are dealing with extremely tight profit margins.

As of the last nine days of the month, miners have managed to earn just over 62% of what they earned during the previous month. This situation underscores the harsh economic realities faced by those operating in the Bitcoin mining sector.

Source: news.bitcoin.com ↗