NewsBTC
No Result
View All Result
  • Cryptocurrency News
    • Bitcoin News (BTC)
    • Ethereum News (ETH)
    • Ripple News (XRP)
    • Shiba Inu News (SHIB)
    • Cardano News (ADA)
    • Dogecoin News (DOGE)
    • Solana News (SOL)
    • Litecoin News (LTC)
    • Avalanche News (AVAX)
    • Polygon News (MATIC)
  • Crypto Prices
    • Binance Coin (BNB) Price
    • Bitcoin (BTC) Price
    • Cardano (ADA) Price
    • Chainlink (LINK) Price
    • Dogecoin (DOGE) Price
    • Ethereum (ETH) Price
    • Litecoin (LTC) Price
    • Polkadot (DOT) Price
  • Crypto Resources & Directory
  • All Crypto
  • Play GamesTry
  • CasinosTry
Breaking News: LINK Price Climbs Following Chainlink's Deal With US Commerce Department, Eyes $30
  • Cryptocurrency News
    • Bitcoin News (BTC)
    • Ethereum News (ETH)
    • Ripple News (XRP)
    • Shiba Inu News (SHIB)
    • Cardano News (ADA)
    • Dogecoin News (DOGE)
    • Solana News (SOL)
    • Litecoin News (LTC)
    • Avalanche News (AVAX)
    • Polygon News (MATIC)
  • Crypto Prices
    • Binance Coin (BNB) Price
    • Bitcoin (BTC) Price
    • Cardano (ADA) Price
    • Chainlink (LINK) Price
    • Dogecoin (DOGE) Price
    • Ethereum (ETH) Price
    • Litecoin (LTC) Price
    • Polkadot (DOT) Price
  • Crypto Resources & Directory
  • All Crypto
  • Play GamesTry
  • CasinosTry
Bitcoin News
No Result
View All Result
Breaking News: LINK Price Climbs Following Chainlink's Deal With US Commerce Department, Eyes $30

Bitcoin Miners Reap Profits As Mining Difficulty Hits 3-Month Low

Olowoporoku Adeniyi
Olowoporoku Adeniyi
1 year ago
3 mins read
Bitcoin SV Tallies 10% Gains On Weekly Chart, Nears $40 Mark

Reason to trust

Strict editorial policy that focuses on accuracy, relevance, and impartiality
Created by industry experts and meticulously reviewed
The highest standards in reporting and publishing
How Our News is Made

Strict editorial policy that focuses on accuracy, relevance, and impartiality

Ad discliamer

Morbi pretium leo et nisl aliquam mollis. Quisque arcu lorem, ultricies quis pellentesque nec, ullamcorper eu odio.

Bitcoin miners have received a boost in profits after the scheduled difficulty level adjustment resulted in a positive balance. This is the first time since February that the difficulty, which controls the issuance of coins on the network, has decreased. Recent data from Braiins showed that Bitcoin computing power experienced a drop of over 45+ EH/s between April 20 and 28. However, this trend has been reversed with the increase in miner profits over the last week.

Despite the recovery of the hashrate to 350 EH/s, it was not sufficient to prevent a 1.45% difficulty adjustment retracement, as stated by Mempool.space. Currently, the mining difficulty level is at 48T (trillions).  This change in difficulty level affects the miners’ profitability, as less competition for the reward means increased estimated income for those still connected to the network.

Bitcoin Hashprice has experienced a rapid rise in the past 2-weeks: source braain
Bitcoin Hashprice has experienced a rapid rise in the past 2-weeks: source braain

Bitcoin Miners Profit As Hashprice Increases

The current price for Bitcoin hashpower rose to 0.088 USD/TH/day (88 USD/PH/day), up from 0.077 USD/TH/day (77 USD/PH/day) on May 2. This 11.49% increase over three days is a positive development for Bitcoin miners, indicating increased profitability for their operations. The hashprice is a crucial metric for calculating the profitability of a mining operation, representing the value assigned to a unit of computation in dollars per terahash or petahash per day. While the cause of the significant hashrate drop last week is uncertain, the current state of the network justifies the quick reconnection of miners. 

Bitcoin transaction fees have spiked in recent days: source @braain
Bitcoin block rewards have spiked in recent days: source @braain

Recently, there has been increased interest in BRC-20 tokens, which are used to create memecoins, leading to network congestion in Bitcoin within a few days of their release. As recently reported, this could be a possible factor in the hashrate drop. As a result of this high activity on the network, the fees are now making up 12.4% of the miners’ revenue. 

Related Reading: Bitcoin Breaks Out: Experts Predict $36,000 Target As Market Outlook Remains Positive

Bitcoin Commissions Rise After New Ordinals Record 

In the wake of the rising interest in tokens that can be registered to Bitcoin through Ordinals, the value of transaction fees paid by Bitcoin users has surged. Within a single day, the average transaction fees have more than doubled. As per the data from Mempool.space, the current transaction fees range from 70 sat/vB to 100 sat/vB. This implies that a transaction of 140 vB (median) would require payment of almost $4 USD to get confirmed within the first few minutes.

Average Bitcoin transaction fees have increased due to surge in Ordinals: source @mempool
Average Bitcoin transaction fees have increased due to surge in Ordinals: source @mempool

Note that the sudden interest in tokens registered through Ordinals is responsible for the backlog of transactions that need confirmation, leading to a surge in average commissions. According to Murch, a Bitcoin developer, the mempool depth has reached 104 blocks despite having 8 blocks per hour for the last six hours. The rise of Ordinals NFTs has not been without controversy, as some Bitcoin maximalists blame this trend for the increased transaction fees that have resurfaced in recent months. 

Related Reading: Former DoJ Kennedy Jr, Laments on Global Financial Censorship, Shows Support For Bitcoin

Bitcoin Price Analysis

At the time of writing, Bitcoin is trading around $29,000, up 2% in the last week.

Bitcoin has been trading sideways in recent days: Source @tradingview
Bitcoin has been trading sideways in recent days: Source @tradingview

Featured Image from iStock.com, charts from Braain.com, Mempool.space and Tradingview.com

Tweet123Share196ShareSend
Olowoporoku Adeniyi
Olowoporoku Adeniyi

Olowoporoku Adeniyi

Situs Pkv Games
Pkv Games
pkv games qq
Pkv Games bandarq
daftar Pkv Games qq
qq online

Disclaimer: The information found on NewsBTC is for educational purposes only. It does not represent the opinions of NewsBTC on whether to buy, sell or hold any investments and naturally investing carries risks. You are advised to conduct your own research before making any investment decisions. Use information provided on this website entirely at your own risk.

Related News

Bitcoin, btc

Bitcoin Attempts $111,000 Reclaim, But Last Leg Up Could Be Weeks Away – Analyst

Bitcoin (BTC) has seen a 4% bounce from the lows to retest a crucial resistance level, which could determine whether...

Rubmar Garcia 1 hour ago
비트코인 고래, 대규모 ETH 매수…이더리움 가격 상승 신호?

비트코인 고래, 대규모 ETH 매수…이더리움 가격 상승 신호?

한 암호화폐 큰 손, 일명 고래 투자자가 약 4억3,500만 달러 규모의 비트코인($BTC)을 매도하고, 9만 6,000개 이상의 이더리움($ETH)을 매입한 것으로 확인됐다. 온...

Soyeon Lee 1 hour ago
ethereum-5200-breakout-bitcoin-hyper-presale-fomo-1300m-tw

以太坊預測將突破5200美元!Bitcoin Hyper預售狂吸1300萬美元引爆FOMO搶購

當前以太坊價格維持在4375美元的關鍵水位附近,儘管略低於開盤價,但盤面整體穩定。根據ChatGPT對ETH的最新技術分析,市場正面臨一場由機構資金驅動的輪換期。比特幣至以太坊的資金轉移總額已達4.3...

Mark Mak 7 hours ago
Load More

Reason to trust

Strict editorial policy that focuses on accuracy, relevance, and impartiality
Created by industry experts and meticulously reviewed
The highest standards in reporting and publishing
How Our News is Made

Strict editorial policy that focuses on accuracy, relevance, and impartiality

Ad discliamer

Morbi pretium leo et nisl aliquam mollis. Quisque arcu lorem, ultricies quis pellentesque nec, ullamcorper eu odio.

Related News

ethereum koers, ethereum daalt, eth koers, altcoins, crypto crash, bear market

Ethereum verkoopdruk bereikt $1,2 mld – signaleert verkoop volume een bear market?

Lars Diederiksen Just now
SPX6900 „giminaitis“ TOKEN6900 šiandien debiutuoja biržose – ar laukia 100x šuolis?

SPX6900 „giminaitis“ TOKEN6900 šiandien debiutuoja biržose – ar laukia 100x šuolis?

Tomas Jankūnas 1 minute ago
Ethereum Price Pulls Back Again

Ethereum price Crash To $4,081: Why The Bears Are In Charge

Scott Matherson 21 minutes ago

Premium Sponsors

Press Releases

  • Top ICO Crypto Tháng 9 – Meme Coin Tiềm Năng Để...

    13 minutes ago
  • Presale Bitcoin Hyper

    Bitcoin Hyper Dẫn Đầu Các Đồng Coin Tiềm Năng...

    22 minutes ago
  • Các Đồng Coin Tiềm Năng

    3 Altcoin Bùng Nổ Mùa Này – Cronos, Bitcoin Hyper...

    28 minutes ago
  • Transformarea a 750 USD în 1.500.000 USD: În 2021 a fost Shiba Inu, în 2023 a fost Pepe Coin – care va fi următorul token de un cent?

    Transformarea a 750 USD în 1.500.000 USD: În 2021 a fost...

    44 minutes ago
  • 12億ドルの売り越し、市場は調整局面に突入か?

    イーサリアム...

    13 hours ago

Newsletter

About Us

NewsBTC is a cryptocurrency news service that covers bitcoin news today, technical analysis & forecasts for bitcoin price and other altcoins. Here at NewsBTC, we are dedicated to enlightening everyone about bitcoin and other cryptocurrencies.

We cover BTC news related to bitcoin exchanges, bitcoin mining and price forecasts for various cryptocurrencies.

Disclaimer: The information found on NewsBTC is for educational purposes only. It does not represent the opinions of NewsBTC on whether to buy, sell or hold any investments and naturally investing carries risks. You are advised to conduct your own research before making any investment decisions. Use information provided on this website entirely at your own risk.

Company

  • About Us
  • Advertising
  • Contact Us
  • Privacy Center

Social

© 2025 NewsBTC. All Rights Reserved.

  • Cryptocurrency News
    • Bitcoin News (BTC)
    • Ethereum News (ETH)
    • Ripple News (XRP)
    • Shiba Inu News (SHIB)
    • Cardano News (ADA)
    • Dogecoin News (DOGE)
    • Solana News (SOL)
    • Litecoin News (LTC)
    • Avalanche News (AVAX)
    • Polygon News (MATIC)
  • Crypto Prices
    • Binance Coin (BNB) Price
    • Bitcoin (BTC) Price
    • Cardano (ADA) Price
    • Chainlink (LINK) Price
    • Dogecoin (DOGE) Price
    • Ethereum (ETH) Price
    • Litecoin (LTC) Price
    • Polkadot (DOT) Price
  • Crypto Resources & Directory
  • All Crypto
  • Play Games
  • Casinos
Advertise

© 2025 NewsBTC. All Rights Reserved.

This website uses cookies. By continuing to use this website you are giving consent to cookies being used. Visit our Privacy Center or Cookie Policy.