Cryptocurrency analytics firm Alphractal has released a report addressing growing concerns in the Bitcoin mining sector, highlighting historical indicators, industry pressures, and the changing competitive landscape that could reshape the industry by 2025.
According to Alphractal, key metrics show that Bitcoin mining is under increasing pressure. The company noted that Bitcoin transaction fees are at their lowest levels since 2012, while mempool transactions have reached their lowest point since October 2023. Additionally, SegWit transactions have been on a steady decline, and the Revenue/Hash ratio has fallen to around -0.8, reaching historic lows.
These pressures are compounded by the halving event, which has intensified competition and sharply reduced revenue per unit of compute power, as network difficulties continue to break records. As a result, miners are experiencing greater volatility in their USD-denominated revenues, posing challenges for even the most resilient operations.
Source : bitcoinsistemi
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