Currently, the miners receive 6.25 BTC per block. The halving, a quadrennial event due in April, will reduce that figure to 3.125 BTC, cutting per-block revenue by 50%. To improve profitability, miners may be using their stored BTC to buy more efficient equipment so that running costs drop, said FRNT Financial, a crypto platform based in Toronto.
Related posts
-
Technologist: Decentralized Data Crowdsourcing Is Key to Countering Big Tech’s Dominance
A tech CEO proposes “democratizing” AI by using decentralized... -
Bitcoin hits record highs, but the next big profits could lie in these 5 cryptos
Disclosure: This article does not represent investment advice. The content and materials featured on this page... -
Bitcoin MVRV Metric Signals Market Heating Up—Here’s What Investors Should Know
Meet Samuel Edyme, Nickname – HIM-buktu. A web3 content writer, journalist, and aspiring trader, Edyme is...