Block Reward Cut: Miners Must Stake Bitcoin, Plug into Depins to Offset Revenue Loss
According to one expert, bitcoin currently needs to trade above $55,000 for miners to break even and $94,000 for them to return to profitability levels seen before the halving. To compensate for the revenue loss caused by the halving of Bitcoin’s block reward, miners are resorting to mergers or hostile takeover of rivals. Others have […]
Go to Source
Author: Terence Zimwara
Related posts:
- As China Cracks Down on Bitcoin Miners, Stealth Miners and Mystery Hashrate Return
- Bitcoin Miner Argo Blockchain Sells Helios Facility to Galaxy Digital for $65 Million, Galaxy to Host Argo’s ASIC Fleet in Texas
- March Bitcoin Mining Stats Show Climbing Revenue and Hashrate Highs
- Severe Impact Expected for Miners With Outdated Hardware in Upcoming Bitcoin Halving