Bitcoin Miners Rush to Maximize Profits Before Next Halving Reduces Rewards in 2024
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Bitcoin miners are ramping up operations to capitalize on high prices before the next "halving" reduces rewards.
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Bitcoin's computational power and hashrate have hit all-time highs as more miners compete.
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Mining revenue and profitability have improved lately but are still below 2021 peaks.
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Miners are upgrading equipment and moving to cheaper energy sources to stay competitive.
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Analysts say less efficient miners may be forced out after the next halving slated for April 2024.