The Survival Battle of Miners After Bitcoin Halving
In April 2024, Bitcoin will complete its fourth halving, reducing the block reward from 6.25 BTC to 3.125 BTC. Miner income will be halved, leading to the elimination of inefficient mining machines, and a short-term decrease of 20% in network hash rate. Some mining companies are turning to AI computing power leasing or upgrading to high-performance mining machines to maintain profitability. If Bitcoin's price does not continue to rise after the halving, it may trigger selling pressure from miners. In the long run, the deflationary effect of halving may spur a new bull market, but in the short term, attention should be paid to miners' movements and changes in energy costs.
