Summary
Miners currently receive 6.25 BTC per block, but the upcoming halving event in April will reduce this to 3.125 BTC, cutting revenue by 50%. To offset this loss, miners are using stored BTC to buy more efficient equipment to lower running costs, according to FRNT Financial.
Key Points
1. Miners currently receive 6.25 BTC per block, but the upcoming halving event in April will reduce that figure to 3.125 BTC, cutting per-block revenue by 50%.
2. In order to improve profitability after the halving, miners may be using their stored BTC to buy more efficient equipment. This could help reduce running costs and increase overall profitability.
3. FRNT Financial, a crypto platform based in Toronto, noted that miners are taking proactive steps to prepare for the halving by investing in more efficient mining equipment.