The hashrate bitcoin (14 DMA) reached a record mark of 838.7 EH/S, while cryptocurrency is traded ~ 25% below ATH. The senior analyst in Coindesk James Wang Stratena drew attention to an alarming trend.
It is predicted that as a result of the next adjustment of the complexity of the network, the indicator will increase by more than 3%, updating the historical maximum. This will increase the pressure on the mining economy, the expert noted.
The income of cryptocurrency miners consists of remuneration for the block (3.125 BTC after halving in April 2024) and network fees. However, the volume of the latter is extremely small – an average of about 4 BTC per day.
According to Coin Metrics, in the first quarter, the share of commissions in the total income of miners was only 1.33%.
Empty train
At the same time, the developer of Mempool under the nickname Mononaut noted that the Foundry USA pool has obtained the most incomplete of non -empty blocks over the past two years, containing only seven transactions. Less recorded in January 2023 – four.
Foundry Just Mined the Emptiest non-empty Block in Over Two Years, Containing Only 7 Transactions and Weight Just 5369 Units. pic.twitter.com/l4oad11xvr
– Mononaut (@mononautical) April 2, 2025
Other experts drew attention to the problem.
Regarding the tendency, the creator of Mercury Layer and the former member of the board of directors of Nasdaq, Nikolai Gregory, spoke out with anxiety.
Empty Blocks.
At Soome Point, I Hope Bitcoiners Realize this IS More Just Podcasts, X Spaces, and the ‘Number Go Up’ Digital Gold Narrative. If we don met pereople using Bitcoin for Real Commerce, It’s Game Over. pic.twitter.com/xg8cadz0b
– Nicholas Gregory (@gregory_nico) March 31, 2025
Recall that only in February, the capitalization of 14 public miners of the United States due to the growth of the network complexity and reducing the course of the first cryptocurrency fell by 22%. Bernstein reduced the target prices for shares of some companies for 2025.
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Source: Cryptocurrency
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