Bitcoin Mining Revenue Takes a Massive Hit! ๐ฑ๐ธ
October 2024 has been a rough month for Bitcoin miners! Revenue plummeted to $570.8 million, the lowest monthly earnings this year, marking a jaw-dropping 70% fall from March's highs. ๐จ The main culprits? Skyrocketing mining difficulty, now sitting at an overwhelming 92 trillion, and shrinking transaction volumes after this yearโs Bitcoin halving. This perfect storm is forcing miners to get creative, with some even shifting to provide computing power for AI projects to stay afloat. ๐ปโก
The big question is: Can Bitcoin miners weather the storm, or are we witnessing a seismic shift in the industry? ๐ค๐ฅ Comment below with your thoughts, and don't forget to hit like and follow for more exciting crypto updates! ๐
Source : btchosts, cryptopolitan.
