Bitcoin Miners Reap Windfall as 'Runes' Debut Sends Transaction Fees to Record Highs
Submitted by Anonymous (not verified) on Sun, 04/21/2024 - 23:40The Bitcoin "halving" was supposed to dramatically chop revenue of bitcoin mining companies.
The Bitcoin "halving" was supposed to dramatically chop revenue of bitcoin mining companies.
Based on on-chain data, here’s how much unrealized profit the various Bitcoin whale and miner groups are holding right now.


On-chain data shows the Bitcoin mining difficulty has risen by 4% recently as the mining hashrate has approached all-time high (ATH) levels.
On-chain data shows that demand for Bitcoin from HODLers is currently outpacing miner issuance for the first time in history and by quite a lot.
With the Bitcoin halving coming soon, miner expenses are about to change.
On-chain data shows the Bitcoin difficulty has seen a drop in the latest network adjustment, suggesting the miners have stopped their expansion.

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