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The Bitcoin minors finally breathe: their income is stabilized to $ 3.6 billion, despite half of Bitcoin in April 2024. Costs increase, dependence on bitmain, cost pressure … Will the model last for a long time, or is the short disaster?
Bitcoin mining: Income that resists, but at what price?
On the one hand, the numbers are soothing. In the fourth quarter of 2024 in the fourth quarter of 2024 and another 3.6 billion at the beginning of 2025. Nezařen managed to make the last shock of the half of Bitcoins from 2024 and maintain their profitability. But behind this solid facade, the pressure is very real. Less BTC generated by block, reduced margins and more and more gourmet networks in computing power.
And not to repair anything, Bitmain holds between 59 % and 76 % of the total hashrate, a quasi-monopoly who is worried. For what? Because the range of ASIC machines is ultra concentrating and strongly depends on commercial relations between China and the United States. Recent customs restrictions have already slowed certain supplies. Result: American minors of bitcoin must juggle unpredictable terms and increase uncertainty.
From mining to artificial intelligence (AI): vital diversification
To stay above the water, they innovated minors. Some migrate to regions where energy is cheap: Africa, Latin America or even Texas wind farms. Others surprisingly turn: accommodation of data centers for AI. For example, Core Scientific is already engaged in 200 MW of this activity. A smart bet that allows you to make the existing infrastructure and at the same time to protect yourself from bitcoin fluctuations.
Today, only 1.33 % of mining income income comes from transaction costs. Picture too low to compensate for a drop in the reward of blocks. For the model it will take more activity on the chain. The key will be Lightning Network and Layer 2? One thing is certain: Bitcoin develops between the value and the change of exchange. And with him the whole ecosystem of mining.
The Bitcoin minors therefore overcome the last half, but the real suffering begins. In April 2025, the difficulty of the network could jump by 16 %, so the equation was even more complicated: outdated machines, transaction costs for free autumn and hashprice that stagnates. The most obvious may disappear. Who will survive the storm?
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The world is evolving and adaptation is the best weapon that survives in this undulating universe. I am interested in everything about blockchain and its derivatives. To share my experience and promote an area that fascinates me, nothing better than writing informative and relaxed articles simultaneously.
Renunciation
The words and opinions expressed in this article are involved only by their author and should not be considered investment counseling. Do your own research before any investment decision.