Historic Drop in Bitcoin Revenue Leaves Miners Struggling. After peaking at 677 exahash per second (EH/s) on July 25, Bitcoin’s network hashrate declined to 629 EH/s as of Aug. 4. The recent uptick in Bitcoin’s mining difficulty, coupled with the subsequent drop in its price, has driven bitcoin mining revenue to record lows. https://yakihonne.s3.ap-east-1.amazonaws.com/89f93336152fbe149c10445b7e780339e16f9ed7ceeb1596414c65c2779b7582/files/1722783567227-YAKIHONNES3.jpg
Bitcoin miners have been facing significant challenges as their revenues have diminished since the fourth block reward halving. The drop in mining revenue has led to struggles for miners, with many finding it difficult to stay afloat in the industry