Bitcoin miners are still feeling the aftereffects of the fourth halving event, even though it happened five months ago. Since then, mining revenue has plunged to record lows. For example, from March through block height 840,000, the network’s hashprice hovered between $85 and $115 per PH/s. During this period, miners were earning more from onchain fees, and the block subsidy was 3.125 BTC higher.

According to recent data, miners have been earning an average of 3.18 BTC over the past 24 hours, combining both fees and the subsidy. The daily hashprice is $43.81 per PH/s on Sept. 21. Onchain fees are currently minimal, with a high-priority transaction costing just 3 satoshis per virtual byte (sat/vB), or about $0.27 as of 2:25 p.m. EDT on Sept. 21. The combination of a halved block subsidy and tiny onchain fees is putting mining participants in a tight spot.

At present, data from theblock.co reveals that bitcoin miners have generated $534.91 million in revenue so far this September, with nine days left still remaining. That accounts for 62.83% of the $851.36 million recorded in August, which was already the lowest earnings of the year for miners. If they can’t rake in more than $316.45 million over the next nine days, September will claim the title of 2024’s worst month for mining revenue.

免责声明：本文章仅代表作者个人观点，不代表本平台的立场和观点。本文章仅供信息分享，不构成对任何人的任何投资建议。用户与作者之间的任何争议，与本平台无关。如网页中刊载的文章或图片涉及侵权，请提供相关的权利证明和身份证明发送邮件到support@aicoin.com，本平台相关工作人员将会进行核查。