Bitcoin’s network activity has reached its lowest in 3 years, with transaction volume plummeting and the mempool becoming almost empty. This big drop has lowered transaction fees and is making miners less profitable.

Many miners might now wonder if Bitcoin mining can be pursued as a profitable venture.

Bitcoin mempool on Sunday morning — Mempool.space

Over the last few months Bitcoin’s transaction count has been going down. According to CryptoQuant, Bitcoin’s daily transactions are now around 400,000, down from 810,850 in November 2024. That’s 3 months of continuous decline in network activity.

Julio Moreno on X

This reduction in new transactions…

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