Bitcoin miners see worst revenues in 11 months as difficulty climbs
August was the lowest revenue month for Bitcoin miners so far in 2024 and the worst revenue month since September last year.
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August was the lowest revenue month for Bitcoin miners so far in 2024 and the worst revenue month since September last year.
Bitcoin hashprice, when compared to BTC price action, is reminiscent of conditions that preceded the 2020 breakout to new all-time highs.
Institutional spot Bitcoin ETF outflows and lowered Bitcoin miner profitability could be driving the current price drop
