Cryptocurrency analytics firm Alphractal has released a report that addresses concerns in the Bitcoin mining sector. The report highlights key metrics that indicate increasing pressure on Bitcoin mining, including low transaction fees, decreasing mempool transactions, a decline in SegWit transactions, and a historically low Revenue/Hash ratio. The report also mentions the halving event, which has intensified competition and reduced revenue per unit of compute power. As a result, less efficient miners are struggling to maintain profitability. Alphractal predicts that the sector will see a wave of optimization and cost-cutting measures, leading to a potential decline in Bitcoin's total hashrate as less efficient miners exit the market. However, this could contribute to further centralization in Bitcoin mining. Despite Bitcoin's strong price performance, mining revenue remains highly volatile, making it difficult for miners to plan for long-term operations.



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