Yesterday, Bitcoin miners' income hit a new low this year

Odaily Odaily News: On August 11, the daily income of the Bitcoin mining community fell to US$2.54 million, a new low for the year. The last time this figure appeared was in October 2023. After the Bitcoin halving event on April 20, the mining reward will drop from 6.25 BTC to 3.125 BTC, and the income will drop significantly. As expected, the daily income of Bitcoin mining fell below US$3 million for the first time in May. In contrast, in the first four months of 2024, the mining community earned about US$6 million per day. The main reasons for the decline in income include the continued bear market, the decline in Bitcoin market prices, the increase in network difficulty, and the resulting liquidation. (Cointelegraph)