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.
ABOUT AUTHOR
CATEGORIES
- LUNC News: Terra Luna Classic Core Dev Reveals Major Update on Tax2Gas
- EFCC Opposes Bail as Detained Binance Exec Seeks Medical Care in Nigerian Money Laundering Trial
- XRP Unexpected Price Drop Wipes Millions in Volume
- Top Altcoins To Buy For 100% Upside In Short-term!
- TON Down 14% as Telegram CEO Pavel Durov Arrested in France
- Cardano (ADA) Price Reaches Crucial Bull Point: Details
- Telegram CEO Pavel Durov Arrested at Paris Airport; TON Coin Dips 17%