The world of Bitcoin mining is facing tough times as recent data suggests that profitability in the industry is dwindling. The decline in Bitcoin mining profitability comes on the heels of Bitcoin’s fourth halving event, raising concerns among miners about their future earnings.

Declining Profitability Post-Halving

Following the recent halving event on April 20, key metrics indicating the profitability of Bitcoin mining have plummeted. The HashPrice index, a crucial indicator coined by Luxor Technologies, has dropped significantly.

Bitcoin HashPrice Index reveals diminishing profits for miners — Hashrateindex.com

Reports indicate that it fell to as low as…

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