Bitcoin miners feel pressure!

Bitcoin price offered a stable price over the past 24 hours with a trading volume of 31.389 billion dollars. According to what was reported, President Donald Trump promised for the second time to make America a great “Maga” again made the nation the great power of Bitcoin and the coding capital in the world. After the American elections, encrypted codes expected a significant increase in prices.

However, the difficulty of bitcoin mining is constantly high and is moving towards a new rise in any time soon. It is worth noting that Hashprice, which measures the daily income of the mining factor, according to Peethash per second, is now about $ 48/pH. This has led to most of the miners barely breaking their expenses or working under loss.

Hadam crosses the 800 eH/s brand!

The retail rate is indicated as a measurement of the calculation of the network, group, institute, or institute. Moreover, it is used to determine the difficulty of mining for Blockchain, in this case, Bitcoin.

After the free fall experience this month, the Bitcoin division returned to the highest level of 800. This highlights the increasing difficulty in the BTC mining process. Bitcoin Mining is a biological mechanism that helps Blockchain to maintain the stability and security of the network. It guarantees the consistency of mining and integrity.

4th Bitcoin half Cuts MINER Bonuses!

With the completion of the half Bitcoin 4th in April 2024, the rewards are now reduced from 6.25 BTC to 3.125 BTC. The main focus of the half Bitcoin event is to control the Bitcoin version and maintain scarcity in the market.

While Halfings was a incentive for a new bull course, this half was recorded during the bear market, when the transaction fees revolve around its lowest historical levels. This has led to the rewards of miners that are made about 1.12 %.

New ways to overcome the increase in mining costs!

Many institutes/miners reach creative solutions. Some are listed below:

• European -based Bitcoin has reached a unique approach where Bitcoin mining machines are reshaped to warm homes and apartments.

• Another major example is El Salvador, and also the first country to adopt Bitcoin as a legal tender, which was extracted from 474 Bitcoin, using the Earth’s thermal energy from the Teacaba volcano.

• Bilal Bin Sakb, CEO (CEO) of the Pakistan Executive Council, suggested that the country’s excessive energy to extract bitcoin is used.

conclusion:

Amid the increasing uncertainty, the rise in vibrations, and the new international players who enter the game, the Bitcoin mining industry is about to suffer from a significant transition next time.

The high difficulty in retail and the difficulty of mining can be a source of great concern for mining workers partially. However, given the positive aspect, this may lead to an encryption mining industry that witnesses innovations and adoption of a newer entity, institution or individual to survive.

Also read: Bitcoin is approaching $ 86,000 after the FOMC meeting and Federal Reserve Decision