{"id":125803,"date":"2025-03-25T20:16:02","date_gmt":"2025-03-25T20:16:02","guid":{"rendered":"http:\/\/cryptospotters.net\/?p=125803"},"modified":"2025-03-25T20:16:02","modified_gmt":"2025-03-25T20:16:02","slug":"bitcoin-miners-income-stabilizes-post-halving-coin-metrics","status":"publish","type":"post","link":"http:\/\/cryptospotters.net\/?p=125803","title":{"rendered":"Bitcoin miners\u2019 income stabilizes post-halving: Coin Metrics"},"content":{"rendered":"<p>Source: Cointelegraph.com NewsBitcoin (BTC) mining revenues hit $3.7 billion in the fourth quarter of 2024, a 42% increase from the prior quarter, and are approaching similar levels of around $3.6 billion in Q1 2025, according to data from Coin Metrics.\u00a0<br \/>\nThe revenue uptick suggests miners\u2019 incomes are stabilizing after the Bitcoin network\u2019s \u201chalving\u201d in April 2024 reduced mining rewards from 6.25 BTC to 3.125 BTC per block. Halvings occur every four years and cut the number of BTC mined per block in half.<br \/>\n\u201cWith almost one year elapsed since Bitcoin\u2019s 4th halving, miners have endured a period of stabilization, adapting to reduced block rewards, tighter margins, and shifting operational dynamics,\u201d Coin Metrics said in its Q1 2025 Data Special report.<br \/>\nThis recovery could be cut short if ongoing trade wars disrupt miners\u2019 business models, Ben Yorke, VP of Ecosystem at WOO X, a Web3 startup, told Cointelegraph.<br \/>\n\u201cShould semiconductor tariffs return, Bitcoin mining could face higher costs, consolidating power among major players and forcing smaller operations to power down,\u201d Yorke said.<br \/>\nBitcoin mining revenues since 2022. Source: Coin MetricsRelated: Bitcoin flips \u2018macro bullish\u2019 amid first Hash Ribbon buy signal in 8 months<br \/>\nAdapting after the halving<br \/>\nBitcoin miners have struggled in 2025 as declining cryptocurrency prices added further pressure to business models strained by the network\u2019s April halving, according to a March 3 JPMorgan research note shared with Cointelegraph.<br \/>\nHowever, well-capitalized miners have managed to adapt, according to Coin Metrics. In fact, Bitcoin\u2019s hashrate \u2014 the total computing power securing the network \u2014 broke all-time highs in January, CoinWarz data showed.\u00a0<br \/>\nCommon adjustments have included \u201cupgrading to more energy efficient ASICs, [and] relocating to regions with cheaper and abundant renewable energy resources,\u201d such as Africa and Latin America, Coin Metrics said. ASICs are specialized computer hardware used in Bitcoin mining.\u00a0<br \/>\nAdditionally, \u201cminers are also diversifying into AI data-center hosting as a way to expand revenue and repurpose existing infrastructure for high performance computing,\u201d per the report. For instance, Bitcoin miner Core Scientific pledged 200 megaWatts of hardware capacity to support CoreWeave\u2019s artificial intelligence workloads.<br \/>\nBitcoin supply held long-term has increased over time. Source: Coin MetricsSustaining mining incentives<br \/>\nAccording to Coin Metrics, more transaction activity on the Bitcoin network would help sustain economic incentives for miners post-halving. \u201cOver time, increased participation from higher-value or more time-sensitive activity could help drive stronger fee revenue, supporting miner incentives as block rewards decline,\u201d it said.\u00a0<br \/>\nHowever, for now, \u201c[t]ransactions below $100 currently represent ~60% of Bitcoin\u2019s total transaction count,\u201d according to Coin Metrics. This is partially because holders are increasingly treating Bitcoin as a buy-and-hold asset, rather than a medium of exchange.\u00a0<br \/>\n\u201cBitcoin\u2019s supply velocity, measuring the ratio of adjusted transfer volume to its current supply (rate of turnover), has declined over time, reinforcing the idea that BTC is increasingly held rather than transacted,\u201d the report noted.<br \/>\nMagazine: Fake Rabby Wallet scam linked to Dubai crypto CEO and many more victims<a href=\"https:\/\/cointelegraph.com\/news\/bitcoin-miners-income-stabilizes-post-halving-coin-metrics?utm_source=rss_feed&amp;utm_medium=rss&amp;utm_campaign=rss_partner_inbound\" target=\"_blank\" class=\"feedzy-rss-link-icon\" rel=\"noopener\">Read More<\/a><\/p>","protected":false},"excerpt":{"rendered":"<p>Source: Cointelegraph.com NewsBitcoin (BTC) mining revenues hit $3.7 billion in the fourth quarter of 2024, a 42% increase from the prior quarter, and are approaching similar levels of around $3.6&hellip; <\/p>\n","protected":false},"author":0,"featured_media":0,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":[],"categories":[5],"tags":[],"_links":{"self":[{"href":"http:\/\/cryptospotters.net\/index.php?rest_route=\/wp\/v2\/posts\/125803"}],"collection":[{"href":"http:\/\/cryptospotters.net\/index.php?rest_route=\/wp\/v2\/posts"}],"about":[{"href":"http:\/\/cryptospotters.net\/index.php?rest_route=\/wp\/v2\/types\/post"}],"replies":[{"embeddable":true,"href":"http:\/\/cryptospotters.net\/index.php?rest_route=%2Fwp%2Fv2%2Fcomments&post=125803"}],"version-history":[{"count":0,"href":"http:\/\/cryptospotters.net\/index.php?rest_route=\/wp\/v2\/posts\/125803\/revisions"}],"wp:attachment":[{"href":"http:\/\/cryptospotters.net\/index.php?rest_route=%2Fwp%2Fv2%2Fmedia&parent=125803"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"http:\/\/cryptospotters.net\/index.php?rest_route=%2Fwp%2Fv2%2Fcategories&post=125803"},{"taxonomy":"post_tag","embeddable":true,"href":"http:\/\/cryptospotters.net\/index.php?rest_route=%2Fwp%2Fv2%2Ftags&post=125803"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}