💰 Bitcoin Miners Compete for Profitability Ahead of Halving: CryptoQuant
Bitcoin mining companies have increased their selling activity but are still facing challenges like lower transaction fees and increasing mining competition. Although some Bitcoin mining companies have increased their selling activity, they still face challenges like lower transaction fees, increasing mining competition, and the need for higher computing power to produce the same amount of BTC. Their revenues will be slashed by 50%, and they will need higher BTC prices to sustain their profitability.
