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Bitcoin Halving Could Mean Losses for Some Miners, Says Expert

source-logo  coingape.com 14 April 2024 00:17, UTC

With the fourth Bitcoin (BTC) halving approaching, the mining community is becoming more concerned. Scheduled for April 19, 2024, this event will cut mining rewards from 6.25 BTC to 3.125 BTC per block. Charles Edwards, the founder of Capriole Investments, emphasizes immediate risks. Miners who have old, less efficient hardware might bear a great financial burden. This would result in some mining operations being shut down, with dire consequences for the overall network’s security and hash rate.