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From Record Hashrate to a 241% Onchain Fee Increase – Bitcoin Mining’s Big October Unpacked

[Nov 2, 2024 5:10 PM] Following September’s slump to its lowest revenue of the year, bitcoin miners had a profitable October, recording a 25.05% revenue increase. Bitcoin Mining’s October Comeback On Oct. 31, one petahash per second (PH/s) of computing power was…

Hashprice Gains Give Bitcoin Miners a Much-Needed Boost After Sluggish Month

[Sep 29, 2024 6:30 PM] Bitcoin miners are finally catching a break after a sluggish September, with hashprice climbing 10.33% in the past 30 days. A solid 8.93% of that bump came within the last four days alone. Hashprice Jumps Nearly 9% in 4 Days: Bitcoin Miners Catch a…

Bitcoin’s All-Time High Difficulty Challenges Miners as Revenue Falls

[Sep 11, 2024 4:30 PM] On Sept. 10, Bitcoin’s mining difficulty rose 3.58% higher bringing the network’s difficulty to a new all-time high of 92.67 trillion. The news follows Bitcoin’s overall hashrate rising near the 700 exahash per second (EH/s)…

Bitcoin miners record lowest daily revenue of 2024

[Aug 12, 2024 9:50 AM] Bitcoin miners’ daily revenue hit a new yearly low of $2.5 million, but strategic overhauls keep some companies profitable amid industry challenges.

Bitcoin Miners See 100 EH/s Exit Network as Prices and Revenues Fall

[Jun 29, 2024 11:03 AM] With bitcoin’s price declining 5% over the past week, miners have been experiencing reduced revenue as the hashprice has dropped to a level not seen since May. Currently, the hashprice, which is the estimated daily value of 1 petahash per…

Runes protocol sees significant decline in activity

[May 12, 2024 4:02 AM] Despite generating hundreds of thousands of dollars in daily fees, Runes has only surpassed $1 million in total fees twice in the last twelve days, signaling a notable decline.

Post-Halving, Bitcoin Difficulty Drops Significantly; Hashrate Dips Below 600 EH/s

[May 9, 2024 7:25 AM] The Bitcoin network experienced its second difficulty adjustment post-halving and the most significant reduction this year. Additionally, the network’s total hashrate fell below the 600 exahash per second (EH/s) mark for the first time since…

The Halving Effect: Bitcoin Hashrate Decreases as Miners Prepare for Probable Difficulty Drop

[May 5, 2024 10:11 AM] Just over two weeks have passed since the fourth Bitcoin halving took place. During this period, the network’s hashprice dropped from over $100 per petahash to below $45 at the beginning of May. It has since increased to $50 per petahash…

Financial Squeeze Tightens for Bitcoin Miners as Earnings Continue to Fall

[Apr 28, 2024 7:17 AM] On Friday, Bitcoin’s hashprice was $56.95 per petahash per second (PH/s), but by Sunday, it had dropped to $51.66 per petahash. Over the last 100 blocks, bitcoin miners averaged about 3.55 BTC for each block they mined, indicating that…

Bitcoin Miners’ Average Revenue Per Block Dips 25% in 3 Days, Falling to 3.83 BTC

[Apr 26, 2024 9:19 AM] In the last 24 hours, bitcoin miners have faced significantly reduced earnings, with the current hashprice lingering at a significant low. Just five days ago, miners were harvesting an average of 5.105 BTC per block, between a blend of new BTC and…

Despite Runes’ Transaction Dominance, Bitcoin Miners See Continued Revenue Drop

[Apr 25, 2024 7:43 AM] According to recent data, transactions linked to the Runes protocol have been notably high in block utilization since its implementation on April 19. Figures from April 23 show that transactions involving Runes accounted for 81% of block usage on…

Post-Halving Fallout: Bitcoin Hashprice Slides 30%, Miners’ Earnings Hit

[Apr 23, 2024 6:36 AM] Following a peak in onchain fees, bitcoin miners experienced a significant decline in the hashprice, which fell from a daily rate of $114 per petahash on Sunday to a markedly lower $79 per petahash by Tuesday. To date, the network’s hashrate…

Bitcoin Miner Rewards Shrink Below Pre-Halving Levels as Network Fees Fall Sharply

[Apr 21, 2024 9:48 AM] After experiencing a period of high fees, onchain transfer costs on the Bitcoin network have decreased significantly. On Friday, the fees peaked at $240 per transaction, but by now they have fallen to just $11.06 each. Since reaching block height…

93 Blocks, $71 Million in Fees: Bitcoin Mining Revenue Booms Post-Halving

[Apr 20, 2024 1:19 PM] Since the halving, miners have successfully extracted 93 blocks, accumulating a significant 1,087.99 bitcoins valued at approximately $71.04 million solely from transaction fees. As of 2:00 p.m. EDT on Saturday, the current metrics indicate a…

Bitcoin Miners’ Earnings Hit Record $2 Billion in March Ahead of Halving Event

[Apr 1, 2024 9:02 AM] In March, bitcoin miners amassed an unprecedented level of revenue not seen in the previous 12 months, hitting a high of $2.01 billion from rewards and transfer fees. Of this total, $85.81 million was earned from transaction fees over the past…

Bitcoin’s Hashrate Rebounds From January Dip as Miners Eye Upcoming Difficulty Adjustment

[Jan 27, 2024 12:30 PM] Bitcoin’s cumulative hashrate witnessed notable swings starting in late December, with a pronounced decline occurring in mid-January. This decrease was primarily attributed to the severe cold in Texas, leading many miners to pause their…

Heightened Bitcoin Fees and Erratic Mining Revenues Herald Murky Shift as Halving Nears

[Jan 20, 2024 9:00 AM] Recent statistics reveal that for the past 75 days, starting from Nov. 6, 2023, the average transaction fee on the Bitcoin network has consistently stayed over $5. Additionally, since Dec. 4, 2023, these fees have predominantly been over $10, with…

Bitcoin Miner Revenue Rapidly Falling, What Happens Next?

[Aug 28, 2023 6:00 PM] Bitcoin miners are churning less in revenue, looking at trackers on August 28. According to Hashrate Index data, a platform that tracks the correlation between hash rate and revenue accrued by miners over time, income generated from Bitcoin mining…

Charting Bitcoin’s Predictable Course: A Comprehensive Review of the Next 29 Reward Halvings

[Jul 22, 2023 1:30 PM] In under 280 days, Bitcoin’s blockchain will undergo its fourth reward halving event, slicing the block subsidy from 6.25 BTC to 3.125 BTC. The crypto community is abuzz with chatter, contemplating how these substantial decreases in block…

Stock-to-Flow Analyst Plan B Predicts Bitcoin’s Price to Reach $40K-$50K at Halving

[Jul 18, 2023 9:30 AM] In about nine months, expected near April 24, 2024, Bitcoin is set to experience its fourth block reward halving. Many supporters and market observers anticipate a price increase prior to the event. According to an anonymous market analyst known as…