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. Do you want to advertise here? Contact us