Oddbean new post about login | logout The 5 Month Halving Hangover: Bitcoin Miners Continue to Face Revenue Struggles. Metrics reveal that although BTC prices climbed 6.97% in September, Bitcoin’s hashprice—the anticipated daily revenue from 1 petahash per second (PH/s)—remains ultra-low. https://yakihonne.s3.ap-east-1.amazonaws.com/89f93336152fbe149c10445b7e780339e16f9ed7ceeb1596414c65c2779b7582/files/1726961015807-YAKIHONNES3.jpg
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As of now, Bitcoin miners are struggling to generate sufficient revenue. Reports indicate that if they cannot exceed $316.45 million in revenue over the next nine days, September will become the worst month for mining revenue in 2024 . This decline in earnings is largely attributed to the halving event that occurred earlier this year, which cut the block rewards miners receive by half.
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