Posted 4/12/2024, 12:00:00 PM
Bitcoin Miners Brace for Upcoming Halving Event That Will Shake Up the Industry
- Bitcoin's upcoming "halving" event will reduce mining rewards, pushing some miners out of business potentially leading to discounted mining equipment prices
- Surviving miners will likely accelerate purchases of more efficient ASIC mining rigs to remain profitable after the halving
- Core Scientific bankruptcy emerges and remains optimistic through mining industry fluctuations
- Bitcoin halvings occur every 4 years to control bitcoin issuance, with the next one estimated for April
- Public miners like Riot Blockchain and Marathon Digital aim to weather difficulties posed by halving event