Struggling Bitcoin Miners Wary of Token’s Big ‘Halving’ Event

07/08/2023 23:43

Crypto enthusiasts are hopeful that a once-in-four-years event which rewrites the underlying code of the world’s biggest cryptocurrency will extend the current market rally. But the milestone also risks sounding the death knell for certain Bitcoin miners.

Bitcoin miners brace for 50% cut to token rewards next year
Miners also battling rising electricity costs, debt payments

A mural featuring the Bitcoin logo in Hong Kong.

Photographer: Paul Yeung/Bloomberg

July 8, 2023, 2:00 PM UTC

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Crypto enthusiasts are hopeful that a once-in-four-years event which rewrites the underlying code of the world’s biggest cryptocurrency will extend the current market rally. But the milestone also risks sounding the death knell for certain Bitcoin miners.