News and Insights
Bitcoin Miners Experience Significant Losses Over Declining Market Prices
The recent decline in market prices for Bitcoin has taken a toll on miners, who have seen their profits slashed. According to data from BitInfoCharts, the average daily revenue for a Bitcoin miner has declined from around $13,000 at the beginning of 2018 to just $4,000 by mid-November. This sharp drop in income has forced many miners to abandon…