Bitcoin mining in May: Assessing the state of miners post-halving

halving was quite different. While miners’ block subsidy rewards have now been reduced from 6.25 BTC to 3.125 BTC, they continue to earn additional transaction fee rewards for each block mined.dropped due to insufficient transaction fee rewards. This time, the hash rate stayed near all-time highs, rising from 630 EH/s to 640 EH/s post-halving, driven by increased transaction fee rewards.

“That is good because typically miners wouldn’t jump in to mine Bitcoin unless the price is going up and big enough to sustain a lot of this.”, it can be seen how hard it is to find the right hash for each block. Please note that this difficulty doesn’t affect the price of the mined BTC. So, BTC’s prices play an important role in determining the profitability of miners.But block rewards aren’t the only way for miners to earn.

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