Bitcoin Bleeds Miners as Revenue Dwindles to New Lows

The Bitcoin halving in April continues to reshape the mining landscape. Miners are being squeezed under current conditions. The ‘HODL tax’ was suggested as a solution for miners' woes. Miners form the backbone of the Bitcoin network, validating transactions and ensuring the integrity of the blockchain. Under this model, miners earn block rewards and fees by competing to guess the target hash to win the block. The mining difficulty adjusts based on the current level of competition, ensuring the network remains secure and efficient. However, nearly three months after the halving, miners are struggling to stay afloat and are

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