How Bitcoin miners can survive a hostile market — and the 2024 halving


19 Sep 2023 10:58 PM

Bitcoin mining is becoming harder — which means miners will have to spend more to receive fewer rewards. But there are still ways to be profitable....

  • The next Bitcoin halving is set to occur in April 2024, reducing block rewards from 6.25 BTC to 3.125 BTC.
  • Historically, Bitcoin halvings have led to an increase in Bitcoin's price.
  • The halving poses challenges for miners as it reduces their primary revenue stream.
  • Miners must adapt their strategies to compensate for the reduced rewards.
  • Strategies include securing lower electricity rates, using energy-efficient mining equipment, and accumulating excess capital during profitable periods.
  • Miners may need to explore alternative revenue streams, such as Bitcoin Ordinals.

The article discusses the upcoming Bitcoin halving and its impact on miners. While the halving presents challenges, it also highlights strategies and alternative revenue streams that miners can explore to maintain profitability. Overall, the sentiment is neutral to slightly positive.

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