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
-
BlackRock secures UK’s FCA approval for Bitcoin ETP launch
BlackRock has received approval from the UK’s top financial markets regulator, the Financial Conduct Authority, to... -
BPI Proposes Bitcoin Bonds to Help Pay the $36 Trillion National Debt
The Bitcoin Policy Institute predicts that bitcoin bonds, treasury instruments that invest part of their income... -
Grayscale Seeks SEC Approval to List Crypto ETF With BTC, ETH, XRP, SOL, ADA Holdings
Grayscale has filed with the SEC to list its...