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Topic: Miners revenues drop to the lowest in years as Runes fomo fades away - page 2. (Read 249 times)

jr. member
Activity: 29
Merit: 3
Bitcoin miner profits get squeezed as hash price drops to lowest since October 2023
https://cointelegraph.com/news/bitcoin-miner-profits-squeeze-hash-price-drops-lowest-since-october-2023

The article is from two days ago but in meantime I see that charts put the income at record lows, I don't have access to cryptoquant premium charts but this one:
https://bitinfocharts.com/comparison/bitcoin-mining_profitability.html#6m

What are the implications for this, are home miners going to get wiped out by huge companies that have access to investors capital and cheap electricity? Would that be a danger to centralization? Or are miners going to try and manipulate the fees and the mempool creating fake scarcity of space and driving the fees up to compensate for what they have lost?
Can they even do that as I saw people in the mining section saying ?

Note:
I'm no miner, I just a long time played with GPU mining, what 'm trying to see if there is hope for cheaper fees on the horizon and what could make things worse or better.
Sorry for the avalanche of questions!
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