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
-
Pre-ETF Ether Options Trend Mirrors BTC Except For One Key Difference
Usually, investors expect higher uncertainty or volatility in the distant future compared to the near term,... -
Bitcoin (BTC) Predicted to Reach $150K This Year, Trader Says, Even as Mt. Gox Fears Weigh on Price
Please note that our privacy policy, terms of use, cookies, and do not sell my personal... -
Bitcoin miner Genesis Digital Assets eyes IPO in US: report
Alameda-backed crypto miner Genesis Digital Assets is reportedly in discussions with advisors about launching a pre-IPO...