Crypto Flexs
  • DIRECTORY
  • CRYPTO
    • ETHEREUM
    • BITCOIN
    • ALTCOIN
  • BLOCKCHAIN
  • EXCHANGE
  • ADOPTION
  • TRADING
  • HACKING
  • SLOT
  • TRADE
Crypto Flexs
  • DIRECTORY
  • CRYPTO
    • ETHEREUM
    • BITCOIN
    • ALTCOIN
  • BLOCKCHAIN
  • EXCHANGE
  • ADOPTION
  • TRADING
  • HACKING
  • SLOT
  • TRADE
Crypto Flexs
Home»ADOPTION NEWS»Bitcoin Miners Are Ready to Offload BTC as Mining Profits Plunge: Kaiko Data
ADOPTION NEWS

Bitcoin Miners Are Ready to Offload BTC as Mining Profits Plunge: Kaiko Data

By Crypto FlexsMay 14, 20242 Mins Read
Facebook Twitter Pinterest LinkedIn Tumblr Email
Bitcoin Miners Are Ready to Offload BTC as Mining Profits Plunge: Kaiko Data
Share
Facebook Twitter LinkedIn Pinterest Email
Market • May 13, 2024, 8:54 PM EDT

Posted 1 minute ago In ~

Bitcoin selling is likely to grow as token miners face pressure to offload their holdings due to a steep decline in revenue, according to data from cryptocurrency research and analytics firm Kaiko.

Bitcoin miners rely heavily on two sources of revenue: mining rewards and transaction fees.

But both companies have been posting more modest gains in recent weeks.

April’s halving event, which long ago saw mining rewards coded and reduced from 6.25 BTC to 3.125 BTC, created a unique headwind for miners looking to cover their overhead.

“The halving has typically been a selling event for Bitcoin miners because the process of generating new blocks incurs significant costs and miners must sell to cover the costs,” Kaiko researchers said in a new report. .

Meanwhile, miners’ other revenue stream – transaction fees they charge to process traders’ transactions more quickly – is also shrinking. In the first week of May, miners’ transaction fee revenue remained lower than Bitcoin mining revenue.

A potential Bitcoin sell-off could have a significant impact on the cryptocurrency market, especially during times of low market liquidity. Mining companies like Marathon Digital, which holds $1.1 billion worth of Bitcoin, could create dramatic market moves by selling just a portion of its holdings, according to Kaiko.


Disclaimer: The Block is an independent media outlet delivering news, research and data. As of November 2023, Foresight Ventures is a majority investor in The Block. Foresight Ventures invests in other companies in the cryptocurrency space. Cryptocurrency exchange Bitget is an anchor LP of Foresight Ventures. The Block continues to operate independently to provide objective, impactful and timely information about the cryptocurrency industry. Below are our current financial disclosures.

© 2023 The Block. All rights reserved. This article is provided for informational purposes only. It is not provided or intended to be used as legal, tax, investment, financial or other advice.

About the author

Elizabeth Napolitano is a data reporter covering business and technology news with a focus on cryptocurrency. Before she joined The Block, Elizabeth reported on BigTech, AI, crypto, and video games for CBS Moneywatch. As a CoinDesk reporter, she covered DeFi, NFTs, and US courts. She received a master’s degree in journalism from CUNY. Follow her on X: @LizKNapolitano

Share. Facebook Twitter Pinterest LinkedIn Tumblr Email

Related Posts

Stablecoin startups surpass 2021 venture capital peaks as institutional money spills.

June 28, 2025

Gala Games improves leader board rewards and introduces preference systems.

June 20, 2025

Ether Leeum Whale starts a $ 11 million leverage betting in the 30% increase in ETH prices.

June 12, 2025
Add A Comment

Comments are closed.

Recent Posts

Checkpoint #4: Berlinterop | Ether Leeum Foundation Blog

June 28, 2025

TRON Price Propects USDT supply exceeded $ 80 billion

June 28, 2025

Stablecoin startups surpass 2021 venture capital peaks as institutional money spills.

June 28, 2025

No Altcoin Season 2025 ? Why Bitcoin Dominance Is Holding Strong In The Crypto Market

June 28, 2025

Why It Matters For Every Crypto Investor

June 27, 2025

Why It Matters For Every Crypto Investor

June 27, 2025

Safe smart account audit summary

June 27, 2025

CARV’s New Roadmap Signals Next Wave Of Web3 AI

June 27, 2025

CARV’s New Roadmap Signals Next Wave Of Web3 AI

June 27, 2025

Bybit Expands Global Reach With Credit Card Crypto Purchases In 25+ Currencies And Cashback Rewards

June 27, 2025

BYDFi Joins Seoul Meta Week 2025, Advancing Web3 Vision And South Korea Strategy

June 27, 2025

Crypto Flexs is a Professional Cryptocurrency News Platform. Here we will provide you only interesting content, which you will like very much. We’re dedicated to providing you the best of Cryptocurrency. We hope you enjoy our Cryptocurrency News as much as we enjoy offering them to you.

Contact Us : Partner(@)Cryptoflexs.com

Top Insights

Checkpoint #4: Berlinterop | Ether Leeum Foundation Blog

June 28, 2025

TRON Price Propects USDT supply exceeded $ 80 billion

June 28, 2025

Stablecoin startups surpass 2021 venture capital peaks as institutional money spills.

June 28, 2025
Most Popular

Inside information on money management, statistical analysis, and psychology to win more bets.

June 22, 2024

Ethereum price has taken a hit and is at risk of new lows.

May 13, 2024

Sui Overflow Hackathon Funding Pool Increases to $1,000,000 as New Backers Join – Blockchain News, Opinion, TV & Careers

April 28, 2024
  • Home
  • About Us
  • Contact Us
  • Disclaimer
  • Privacy Policy
  • Terms and Conditions
© 2025 Crypto Flexs

Type above and press Enter to search. Press Esc to cancel.