Bitcoin Miners Under Pressure: Revenue Decline and Hashrate Drop Post-Halving

The post Bitcoin Miners Under Pressure: Revenue Decline and Hashrate Drop Post-Halving appeared first on Coinpedia Fintech News

Bitcoin miners face heightened pressure post-halving as revenue drops abruptly. It left them underpaid by the most since March 2020. The network experienced this year’s fourth negative difficulty adjustment, with a significant drop of -5.6% in hashrate. In fact, it is the largest since November 2022. The strain on miners is this decline highlights the strain on miners, aggravated by a reduction in block rewards. In addition, the situation brings to light the challenges that miners encounter for maintaining profitability amid market fluctuations and halving events, signalling potential shifts in the Bitcoin mining space.