📉 Bitcoin (BTC) miner revenue has been falling for two consecutive weeks, hitting a yearly low of $2.54 million/day on August 11.

🔻 Main reasons:

- The halving event in April 2023 will reduce the mining reward from 6.25 BTC to 3,125 BTC.

- Prolonged bear market, falling BTC price, increasing network difficulty.

💡 Solutions:

- Upgrade mining equipment.

- Increasing BTC price and new protocols in the ecosystem.

📈 Bitfarms, a Canadian Bitcoin mining company, surges 22% after reporting better-than-expected Q2 earnings.

👉 What do you think about the future of BTC? Comment now! 💬