The recent surge in Bitcoin (BTC) prices has had a mixed impact on miners.

On one side, it has enhanced network security through a significant increase in the hash rate, which now exceeds 610 trillion hashes per second.

This growth indicates a stronger and more secure network, as it reflects the immense computing power deployed to validate and record Bitcoin transactions.

However, this increase in mining activity comes with a downside.

Miner fees, the charges collected for processing transactions, have dropped sharply to unprecedented lows.

This decline poses a dilemma for miners, as it raises concerns about their profitability and long-term viability in the ecosystem.