Bitcoin Mining Revenue Hits Yearly Low Amidst Network Security Concerns
Tuesday, 7 May 2024, 13:00
Bitcoin's Mining Revenue Plunges after Halving
Bitcoin's daily revenue from mining has fallen sharply after the halving event, leading to concerns about network security and profitability.
Challenges for Miners
- Dramatic decline in revenue to under $3 million post-halving.
- Miners consider upgrading equipment for cost-cutting.
- Potential exit of miners may impact network security.
Industry Leaders' Concerns: Industry leaders like Ki Young Ju highlight miners' limited options post-halving.
Bitcoin mining revenue at a yearly low raises concerns about network security and profitability.This article was prepared using information from open sources in accordance with the principles of Ethical Policy. The editorial team is not responsible for absolute accuracy, as it relies on data from the sources referenced.