Post-Halving Reality Hits Bitcoin Miners as Revenue Drops

Post-Halving Pressures Mount for Bitcoin Miners Amid Declining Fees

Bitcoin miners are starting to feel pinched as halved rewards become their new reality post-halving.

A spike in network fees briefly eased their strain. Yet, declining transaction fees are now increasing financial pressure.

Kaiko Research recently reported a surge in daily average network fees after the halving.

This surge helped Bitcoin miners offset some discomfort, albeit temporarily.

• The initial user rush to the Runes protocol has cooled, with transactions plummeting by over 4,500% from April 24 to May 14.
• Halving events often force miners to sell BTC to cover block creation costs. Recent fee declines could renew pressures.

Bitcoin miners' profitability has hit a 3-year low, leading to significant underpayment and likely strain for less efficient miners.

Crypto analyst PlanB sees brighter future, forecasting revenue bounce back in 2 to 5 months.

Fluctuating fees and market conditions pose challenges and opportunities for Bitcoin miners. Recovery in revenue is predicted in the coming months, crucial for sector stability and growth.