Bitcoin miners diversify and consolidate to survive revenue drop
Summary
Bitcoin's miner revenue per exahash has significantly decreased since the cryptocurrency's fourth halving on April 20. The revenue was $190,620 per exahash on April 20, but fell to an all-time low of $44,538 by May 2. Despite a brief recovery to $91,774 on June 7 due to increased transaction fees, the figures have mostly stabilized at a lower level. As of July 1, the miner revenue is at $48,230, indicating ongoing economic pressure. This extended drop below the yearly average is reshaping the mining industry, with major players adapting to this new financial situation in ways that could redefine the sector.
