Bitcoin Miners Face Challenges as Rewards Halve

Bitcoin miners are preparing for a significant drop in rewards per block, which will be halved from 6.25 BTC to 3,125 BTC at the end of this month, according to Blockworks. This fourth halving event in network history could pose a significant challenge to even the best-equipped mining firms, potentially further weakening the already slim profit margins of home-based miners.

For miners, the situation is quite simple: If the halving increases the price of Bitcoin, their investment is justified. But if this doesn't happen, small miners could face idle ASICs, high energy bills and little chance of recouping their costs. Some home-based miners shared their concerns on the r/BitcoinMining subreddit, stating that Bitcoin would need to halve or reach between $70,000 and $140,000 to maintain current profit margins after the halving.

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