With the first half of August in the rearview mirror, it’s clear that bitcoin miners are facing a challenging month, having only accumulated 36.36% of the total revenue they made in July. A combination of bitcoin’s price fluctuations and reduced onchain fees has left miners in a much tighter spot. Bitcoin Miners Face a Hard […]
Original
Related posts
-
Cryptoquant: Bitcoin Miners Expand Capacity But Struggle to Stay Profitable
Bitcoin miners are expanding their hashing capacity, reaching new record highs despite ongoing challenges in profitability.... -
NYSE American axes bid for spot Bitcoin ETF options
NYSE American LLC withdrew its regulatory rule change proposal, which sought permission to list spot Bitcoin... -
Making Bitcoin Mining Work in 2024: The Role of DeMi Token
As the landscape of Bitcoin mining becomes increasingly competitive, the question of profitability takes center stage....