Coin Metrics' State of the Network • 0 implied HN points • 17 Dec 24
- The recent Bitcoin halving really affected how much miners earn. Even though their revenue dropped, rising Bitcoin prices helped a bit.
- Publicly traded Bitcoin mining companies are seeing a lot of ups and downs compared to Bitcoin itself. Firms with better equipment and finances are doing better than others.
- Bitcoin miners need to keep upgrading their technology and operations to stay competitive, especially after big events like halving that change their earnings.