Bitcoin miners' daily revenue hit a new yearly low of $2.5 million, but strategic overhauls keep some companies profitable amid industry challenges.
The revenue earned by Bitcoin (BTC) miners, primarily through block rewards and transaction fees, declined consistently over 2 weeks to record a new yearly low on Aug. 11.
On Aug. 11, daily earnings of the Bitcoin mining community dipped to a new yearly low of $2.54 million, a number last seen in October 2023.
The Bitcoin mining community had long anticipated a significant drop in revenue following the Bitcoin halving event in April 20, which reduced mining rewards to 3.125 BTC from 6.25 BTC.
