**Bitcoin miners' income hits a new low for the year, and the mining community faces challenges**

BlockBeats reported that on August 12, Bitcoin miners' income continued to decline for two weeks and hit a new low for the year on August 11. Yesterday, the daily income of the Bitcoin mining community fell to $2.54 million, a figure that last appeared in October 2023.

Let's take a look at the reasons behind it! First of all, the Bitcoin halving event on April 20 is an important node. After the halving, the mining reward dropped from 6.25 BTC to 3.125 BTC, which directly led to a sharp drop in income. As expected, the daily income of Bitcoin mining fell below $3 million for the first time in May. In the first four months of 2024, the mining community's daily income was about $6 million, which is really a pity.

In addition to the halving event, the continued bear market is also an important factor. The decline in the price of Bitcoin market has made the income of miners worse. Coupled with the increase in network difficulty, mining has become more difficult, and many miners have to face the pressure of liquidation.

Nevertheless, we cannot ignore the potential of blockchain technology and cryptocurrency. Although the current market environment is not good, the application scenarios of blockchain technology are constantly expanding, and various industries from finance to supply chain management are exploring its possibilities. Perhaps in the near future, we will see more innovations and breakthroughs.

Dear readers, what do you think of the decline in Bitcoin miners' income? What impact do you think this will have on the entire blockchain industry? Welcome to share your views and insights in the comment area! Let's explore this field full of challenges and opportunities together! 😊

No matter how the market fluctuates, it is always the most important to maintain a neutral attitude and rational thinking. Looking forward to your wonderful comments!