Apr 20, 2025
6 0
BTC Miners Face Revenue Crisis as Hashprice Hits Five-Year Low
Hashprice, a metric for miner revenue, is near a five-year low at $44.00 PH/s, reflecting challenges in the mining industry.
- This metric indicates income per unit of computing power, usually measured in USD.
- Despite BTC trading around $84,000, miner revenue is decreasing due to various pressures:
- Recent halving event reduced rewards by half.
- Increased competition and mining difficulty.
- Lower transaction revenue.
- Rising energy costs.
- Miners can break even at current hashprice levels depending on their equipment.
- Future market conditions may worsen due to stagnant bitcoin prices and geopolitical issues.
- The Valkyrie Bitcoin Miners ETF (WGMI) is down 50% year-to-date, indicating sector struggles.
- Miners are exploring alternative revenue streams, including reallocating computing power for AI.
