{"id":44257,"date":"2024-12-30T05:50:04","date_gmt":"2024-12-30T05:50:04","guid":{"rendered":"https:\/\/crowdfundjunction.com\/blog\/bitcoin-miners-close-december-with-record-revenues-despite-hashprice-decline\/"},"modified":"2024-12-30T05:50:04","modified_gmt":"2024-12-30T05:50:04","slug":"bitcoin-miners-close-december-with-record-revenues-despite-hashprice-decline","status":"publish","type":"post","link":"https:\/\/crowdfundjunction.com\/blog\/bitcoin-miners-close-december-with-record-revenues-despite-hashprice-decline\/","title":{"rendered":"Bitcoin Miners Close December with Record Revenues Despite Hashprice Decline"},"content":{"rendered":"

(Originally posted on : Crypto News – iGaming.org )<\/b>
\n<\/p>\n

\n

Bitcoin miners are wrapping up December on a high note, with revenues surpassing November\u2019s $1.21 billion total. As of now, December has brought in $1.33 billion, fueled by robust Bitcoin prices. However, the hashprice\u2014a measure of the estimated value of one petahash per second (PH\/s) of SHA256 output\u2014has decreased over the past 30 days. Previously at $61.78 per PH\/s, it now stands at $55.57.<\/p>\n

At the same time, Bitcoin\u2019s hashrate reached an all-time high of over 805 exahash per second (EH\/s) during this period. This surge highlights the growing computational power dedicated to mining<\/a> operations despite fluctuating profitability.<\/p>\n

Network Performance and Upcoming Adjustments<\/strong><\/h2>\n

The Bitcoin network remains highly active, with a current total computational power of 791.45 EH\/s. Around 65 entities contribute to mining, each maintaining a minimum of 286.33 kilohash per second (KH\/s).<\/p>\n

On December 29, a scheduled difficulty adjustment is expected, driven by blocks being mined faster than the 10-minute target. Currently, the average block interval stands at 9 minutes and 53 seconds. This slight rise in difficulty reflects the network\u2019s dynamic nature as it adapts to increased mining activity.<\/p>\n

While miners earned $38.73 million in on-chain fees in November, December\u2019s total stands slightly lower at $37.69 million with two days remaining. The bulk of December\u2019s earnings\u2014$1.29 billion\u2014comes from Bitcoin\u2019s subsidy. However, with over 48 hours left in the month, it\u2019s possible that on-chain fees will exceed November\u2019s figures.<\/p>\n

\n
\n
\n
\n
\n
177% up to 5BTC + 77 Free Spins<\/strong>!<\/strong> <\/p>\n

New players only. Exclusive Welcome Bonus of 177% + 77 Free Spins <\/p>\n<\/p><\/div>\n<\/p><\/div>\n<\/div>\n<\/div>\n<\/div>\n<\/div>\n

As the year concludes, the mining sector shows resilience and potential for further growth. Increased computational power and consistent market demand continue to drive advancements. Despite occasional profitability challenges, technological progress and operational expansion bolster the industry\u2019s outlook.<\/p>\n<\/p><\/div>\n

Source link <\/a>
\n
<\/p>\n","protected":false},"excerpt":{"rendered":"

(Originally posted on : Crypto News – iGaming.org ) Bitcoin miners are wrapping up December on a high note, with revenues surpassing November\u2019s $1.21 billion total. As of now, December has brought in $1.33 billion, fueled by robust Bitcoin prices. However, the hashprice\u2014a measure of the estimated value of one petahash per second (PH\/s) of […]<\/p>\n","protected":false},"author":35,"featured_media":44258,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"om_disable_all_campaigns":false,"_monsterinsights_skip_tracking":false,"_monsterinsights_sitenote_active":false,"_monsterinsights_sitenote_note":"","_monsterinsights_sitenote_category":0},"categories":[34],"tags":[],"_links":{"self":[{"href":"https:\/\/crowdfundjunction.com\/blog\/wp-json\/wp\/v2\/posts\/44257"}],"collection":[{"href":"https:\/\/crowdfundjunction.com\/blog\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/crowdfundjunction.com\/blog\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/crowdfundjunction.com\/blog\/wp-json\/wp\/v2\/users\/35"}],"replies":[{"embeddable":true,"href":"https:\/\/crowdfundjunction.com\/blog\/wp-json\/wp\/v2\/comments?post=44257"}],"version-history":[{"count":0,"href":"https:\/\/crowdfundjunction.com\/blog\/wp-json\/wp\/v2\/posts\/44257\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/crowdfundjunction.com\/blog\/wp-json\/wp\/v2\/media\/44258"}],"wp:attachment":[{"href":"https:\/\/crowdfundjunction.com\/blog\/wp-json\/wp\/v2\/media?parent=44257"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/crowdfundjunction.com\/blog\/wp-json\/wp\/v2\/categories?post=44257"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/crowdfundjunction.com\/blog\/wp-json\/wp\/v2\/tags?post=44257"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}