Even though Bitcoin has remained above 90,000 USD, miners are struggling to turn profits due to increased costs and low transaction fees. With the upcoming Bitcoin halving cutting rewards from 6.25 to 3.125 Bitcoins per block, this pressure continues to mount.
The tariffs imposed during Trump’s administration have exacerbated the situation, raising costs for equipment importing and energy. Miners report that despite continuous investment in new rigs, profitability remains a significant hurdle.
Many miners attempted to pivot toward AI-driven operations to find new revenue streams; however, these efforts have not yielded successful outcomes, prompting some to exit the market.
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