In just seven months, the combined market capitalization of mining companies has grown from $20 billion to almost $40 billion. And this is despite the difficulties associated with the reduction in block rewards after the April halving.
As of November 27, miners are producing only 450 BTC daily, and total transaction fees remain below $946,000.
Bitcoin Blockchain Transaction Fees
Mining difficulty is constantly increasing and is expected to increase by another 3% in the coming days. Each such adjustment makes block generation more expensive and technically challenging.
Within a month hashrate , the computing power required for blockchain transactions has been steadily growing, and at the time of writing has already reached a record 726 EH/s. The higher this figure, the more difficult the conditions for mining.
Mining companies are forced to adapt to the current conditions and diversify their activities. Many of them are integrating artificial intelligence and switching to high-performance computing. The largest public miner in the United States, MARA, has adopted a strategy to replenish its Bitcoin -assets by purchasing additional BTC. In November, the organization purchased 6474 BTC worth $615 million, raising the money through the sale of convertible bonds.
