The year 2024 was marked by the fourth halving event for Bitcoin, which had a significant impact on the revenue of miners. Prior to the halving, mining revenue reached its peak in March at $2.01 billion, mainly driven by block rewards. However, after the halving in April, revenue sharply declined, dropping below $1 billion in May. The downward trend continued until August, with September being the lowest point at $815.7 million. The fourth quarter saw a gradual recovery, with revenue exceeding $1 billion in October and November, driven by bitcoin's price resurgence. December ended the year with $1.41 billion in revenue, fueled by bitcoin's high price. Despite the fluctuating revenue, miners managed to break records in computational power. The hashrate reached over 805 exahash per second (EH/s) in December. The year also saw an increase in Bitcoin's network difficulty. The future volatility and success of miners will depend on market trends and technological advancements in the mining ecosystem.



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