Crypto
Bitcoin Hashrate Hits All-Time High as Publicly-Listed Miners’ Share of the Network Peaks
Bitcoin mining is known to be one of the most challenging industries to remain profitable in. This is primarily due to its capital-intensive nature and the fact that block rewards are halved every four years. As a result, weaker miners are forced to disconnect from the network as it becomes financially unsustainable for them to stay online.
With the increasing difficulty level of mining, only miners with the lowest energy costs or the strongest financial positions will be able to maintain or increase their share of the network. This trend is likely to continue as the industry evolves.
