{"id":18332,"date":"2025-03-20T18:16:54","date_gmt":"2025-03-20T18:16:54","guid":{"rendered":"https:\/\/dogewisperer.com\/?p=18332"},"modified":"2025-03-20T18:16:54","modified_gmt":"2025-03-20T18:16:54","slug":"bitcoin-miners-feel-squeeze-as-hashprice-erases-post-election-gains","status":"publish","type":"post","link":"https:\/\/dogewisperer.com\/?p=18332","title":{"rendered":"Bitcoin Miners Feel Squeeze as Hashprice Erases Post-Election Gains"},"content":{"rendered":"<div>\n<p>Bitcoin miners are facing renewed financial pressure as declining transaction fees and a hashprice drop push operational costs higher, according to TheMinerMag\u2019s February 2025 report\u200b.<\/p>\n<p>Bitcoin\u2019s hashrate climbed 3.8% in February to 810 EH\/s, showing a slowdown in mining competition growth. However, the hashprice (the revenue that miners earn per unit of computing power) slipped to $45\/PH\/s, wiping out gains from the U.S. election-driven price surge. At this level, inefficient miners are feeling the strain.<\/p>\n<p>Transaction fees made up just 1.3% of total block rewards in February, marking their lowest share since the last bear market bottom in 2022. March is trending even lower, at 1.12% so far.<\/p>\n<p>These factors \u2014 alongside increased competition from artificial intelligence (AI) data centers \u2014 are putting extra pressure on mining operations who rely on hosting agreements and asset-light strategies.<\/p>\n<p>MARA remains the industry leader with 44 EH\/s after a 6% hashrate increase, while CleanSpark grew 12% to 39 EH\/s. Meanwhile, total bitcoin holdings among miners surpassed 100,000 BTC for the first time, despite some firms like HIVE Digital and Cipher Mining selling their production to fund expansion.<\/p>\n<p>Mining stocks took a hit, with the combined market capitalization of 15 major firms dropping from $36 billion in January to $22 billion in March. Cipher, Canaan, Hut 8, HIVE, and Bitdeer all saw losses exceeding 40%.<\/p>\n<p>With network growth slowing and energy costs rising, miners may need a Bitcoin price rally to avoid further financial strain.<\/p>\n<p>Disclaimer: Parts of this article were generated with the assistance from AI tools and reviewed by our editorial team to ensure accuracy and adherence to <a href=\"https:\/\/www.coindesk.com\/ethics\" target=\"_blank\">our standards<\/a>. For more information, see <a href=\"https:\/\/www.coindesk.com\/coindesk-news\/2023\/04\/14\/how-coindesk-will-use-generative-ai-tools\" target=\"_blank\">CoinDesk\u2019s full AI Policy<\/a>.<\/p>\n<\/div>\n","protected":false},"excerpt":{"rendered":"<p>Bitcoin miners are facing renewed financial pressure as declining transaction fees and a hashprice drop push operational costs higher, according to TheMinerMag\u2019s February 2025 report\u200b. Bitcoin\u2019s hashrate climbed 3.8% in February to 810 EH\/s, showing a slowdown in mining competition growth. However, the hashprice (the revenue that miners earn per unit of computing power) slipped [&hellip;]<\/p>\n","protected":false},"author":1,"featured_media":0,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"iawp_total_views":0,"footnotes":""},"categories":[2],"tags":[3,4,5],"class_list":["post-18332","post","type-post","status-publish","format-standard","hentry","category-news","tag-crypto","tag-doge","tag-news"],"_links":{"self":[{"href":"https:\/\/dogewisperer.com\/index.php?rest_route=\/wp\/v2\/posts\/18332","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/dogewisperer.com\/index.php?rest_route=\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/dogewisperer.com\/index.php?rest_route=\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/dogewisperer.com\/index.php?rest_route=\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/dogewisperer.com\/index.php?rest_route=%2Fwp%2Fv2%2Fcomments&post=18332"}],"version-history":[{"count":0,"href":"https:\/\/dogewisperer.com\/index.php?rest_route=\/wp\/v2\/posts\/18332\/revisions"}],"wp:attachment":[{"href":"https:\/\/dogewisperer.com\/index.php?rest_route=%2Fwp%2Fv2%2Fmedia&parent=18332"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/dogewisperer.com\/index.php?rest_route=%2Fwp%2Fv2%2Fcategories&post=18332"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/dogewisperer.com\/index.php?rest_route=%2Fwp%2Fv2%2Ftags&post=18332"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}