{"id":161304,"date":"2025-06-29T19:00:35","date_gmt":"2025-06-29T16:00:35","guid":{"rendered":"https:\/\/cryptodnes.bg\/en\/?p=161304"},"modified":"2025-06-29T11:55:37","modified_gmt":"2025-06-29T08:55:37","slug":"bitcoin-mining-faces-profit-crunch-but-no-panic-selling","status":"publish","type":"post","link":"https:\/\/cryptodnes.bg\/en\/bitcoin-mining-faces-profit-crunch-but-no-panic-selling\/","title":{"rendered":"Bitcoin Mining Faces Profit Crunch, But No Panic Selling"},"content":{"rendered":"
Despite declining revenues and increasing network strain, the industry appears to be in a phase of recalibration rather than panic.<\/p>\n
According to Alphractal\u2019s latest data, total transaction fees on the Bitcoin network have fallen to levels last seen in 2012. This decline is closely tied to reduced on-chain activity in the current cycle, which has significantly slashed miners\u2019 earnings beyond the regular block rewards.<\/p>\n
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Alphractal highlights that the Miner Sell Pressure metric remains historically low. This indicates that miners, despite shrinking profit margins, are refraining from mass liquidation of their BTC holdings.<\/p>\n
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The report suggests that miners may be holding out for better market conditions, betting on future price appreciation.<\/p>\n
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Meanwhile, the network\u2019s hash rate volatility has hit record highs. Alphractal attributes this to large-scale miners turning off ASIC hardware in response to tightening margins and subdued network demand.<\/p>\n
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Despite this, overall mining difficulty remains high, adding further pressure on miner operations and delaying a natural adjustment in computational requirements.<\/p>\n