Bitcoin Mining Revenues Plunge After Halving, Analysts Warn of Parallels with FTX Incident
Tuesday, 9 July 2024, 09:29
Bitcoin Mining Difficulty Impact
The recent decrease in Bitcoin mining difficulty has resulted in a sharp decline in daily revenues for miners, affecting their profitability.
Dire Profitability Consequences
The daily revenues before the halving stood at $78 million, but have now dropped to a mere $26 million, reflecting the severity of the situation.
- Miners' profitability hit hard
- Challenges in sustaining mining operations
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.