US Bitcoin Miners Move Old Equipment Overseas – Here’s Why

The Bitcoin halving, one of the most anticipated crypto events in 2024, is less than a month away, and miners seem to be in full preparation for its aftermath. The April event is expected to slash mining rewards on the Bitcoin network in half, making the validation of transactions less lucrative.

As of now, miners receive 6.25 BTC for each validated block added to the network. However, the halving will split their revenue to 3.125 BTC for each block. Interestingly, many miners in the United States seem to be making adjustments, including upgrading to more efficient mining computers, to ensure they remain profitable#HotTrends #BNBChain #BOME #ID #POLYX