Home News Bitcoin miners diversify and consolidate to survive revenue drop

Bitcoin miners diversify and consolidate to survive revenue drop

by Thaddeus Lemke

Bitcoin miners diversify and consolidate to survive revenue drop

Bitcoin miners diversify and consolidate to outlive income fall

Bitcoin miners diversify and consolidate to outlive income fall Bitcoin miners diversify and consolidate to outlive income fall

Bitcoin miners diversify and consolidate to outlive income fall

with insights from Glassnode

Halving halts Bitcoin miner earnings, sparking strategic pivots.

Bitcoin miners diversify and consolidate to outlive income fall

Duvet artwork/illustration through CryptoSlate. Image involves blended roar that might possibly maybe moreover merely encompass AI-generated roar.

Since Bitcoin's fourth halving on April 20, the miner income per exahash has taken a dramatic hit. On April 20, it turned into $190,620 per exahash, but by May possibly presumably well even 2, it had plunged to an all-time low of $44,538. No matter a fleeting restoration on June 7, reaching $91,774 attributable to a spike in transaction charges, the figures have largely stabilized at a decrease stage. As of July 1, miner income stands at $forty eight,230, consistently signaling financial stress. This prolonged dip below the annual common is reshaping the exchange. How are major mining gamers adapting to this contemporary financial actuality? The suggestions they're employing might possibly maybe moreover staunch redefine the total sector...

Source credit : cryptoslate.com

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