Bitcoin News
By Julie Binoche
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Bitcoin mining revenues have experienced a significant decline following the April 2024 halving, creating financial pressure for many miners.
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The situation worsened as hashprice remained stagnant in the wake of the halving. In late April 2025, hashprice was recorded at $48.
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While certain activities like Ordinals and Runes generated temporary spikes in fees—such as the $127 per transaction recorded during the April 2024 introduce of Runes—the fee…
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The persistent fee compression raises questions about the long-term sustainability of Bitcoin mining, especially for smaller or less efficient miners.
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Stress tests conducted by researchers highlight the vulnerability of miners in this post-halving environment.
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The fallout from these conditions is already evident, as older and less efficient mining rigs are becoming increasingly unprofitable.
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Without stronger fee markets or a new demand cycle for block space, the current situation could continue to put significant pressure on the industry.
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In conclusion, Bitcoin miners are navigating a difficult post-halving environment, with fees at historically low levels and block subsidies offering limited relief.
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