How the Bitcoin Halving Will Affect Miners Big and Small
The Bitcoin halving event, which reduces mining rewards, poses challenges for miners of all sizes. Smaller firms may struggle to remain profitable due to shrinking profit margins, potentially leading to exits from the market or mergers with larger companies. Larger firms are expected to buy up smaller operations, increasing financial pressure on cash-strapped miners. The halving event necessitates a focus on efficiency and lean operations, with miners upgrading to more efficient equipment and facilities to adapt to the lower-margin environment post-halving.