Bitcoin

<p style="text-align: justify">You can also read this news on BH NEWS: <a href="https://en.bitcoinhaber.net/bitcoin-takes-a-dip-as-mining-profits-soar-to-new-heights" rel="noopener noreferrer nofollow">Bitcoin Takes a Dip as Mining Profits Soar to New Heights</a><br></p>
<p style="text-align: justify"><a href="https://en.bitcoinhaber.net/proshares-bitcoin-strategy-etf-faces-sharp-decline-in-trading-volume" rel="noopener noreferrer nofollow">Bitcoin</a>, the premier digital currency, has recently undergone a significant price correction, dipping by approximately 3.5% to a value of $68,620. This downturn followed predictions by market analysts who foresaw a decrease towards the $70,000 mark based on various indicators.</p>
<h2 id="surge-in-miners-earnings">Surge in Miners’ Earnings</h2>
<p style="text-align: justify">Miners of the <a href="https://en.bitcoinhaber.net/analysis-of-stablecoin-market-growth-and-crypto-liquidity-indicators" rel="noopener noreferrer nofollow">cryptocurrency</a>, who receive 6.25 BTC per mined block in addition to transaction fees, have seen their incomes hit an all-time high. Coinciding with Bitcoin’s peak value of $73,000—a 250% increase over 12 months—miners’ daily earnings have skyrocketed by 212%, reaching roughly $78.89 million.</p>
<p style="text-align: justify">The Bitcoin network has also witnessed a boost in performance, with the number of transactions climbing by 20% to almost 975 million, and the hash rate reaching a record high of 676 exahash per second earlier in February, though it has since slightly declined to around 642.9 exahash per second.</p>
<h2 id="preparation-for-reward-halving">Preparation for Reward Halving</h2>
<p style="text-align: justify">With the upcoming Bitcoin block reward halving, set to occur in about 35 days, miners’ rewards will be cut by half to 3.125 BTC. In anticipation, many miners are cashing in their earnings to fortify their operations. This shift has prompted <a href="https://en.bitcoinhaber.net/marathon-digitals-bitcoin-strategy-amidst-record-production-and-market-fluctuations" rel="noopener noreferrer nofollow">mining</a> companies to expand their infrastructure to sustain profits post-halving.</p>
<p style="text-align: justify">Recent investments reflect this trend, with significant mining firms spending over $1 billion last month on equipment to bolster their capabilities. On-chain analytics confirm that miners have been capitalizing on Bitcoin’s recent surge, with sales patterns aligning with those seen in past bull markets. Despite this, miner wallet balances have dropped to a three-year low of $1.8 million, a figure that is expected to continue to fall.</p>
<h5><span style="font-weight:bold;font-size:16px">The post first appeared on BH NEWS: </span> <a href="https://en.bitcoinhaber.net/bitcoin-takes-a-dip-as-mining-profits-soar-to-new-heights" rel="noopener noreferrer nofollow">Bitcoin Takes a Dip as Mining Profits Soar to New Heights</a></h5>

Bitcoin Takes a Dip as Mining Profits Soar to New Heights

目錄

BH NEWS

在 2024年3月12日發表的其他文章

Bitcoin Liquidity Crisis Incoming? Bitcoin ETF Demand Surges And New All-Time Highs

This is Why Distributed Ledger Technology is a Must for Future Success

The quantum emergency: Ethereum’s race against time

What is Yield Guild Games?

Bitcoin, Ethereum, and XRP price predictions for the coming week!

CFTC Plans to Introduce Rules For Crypto Market Predictions

訂閱免費電子報，每天收取加密貨幣最新動態！