Bitcoin miners are facing increasingly tough times due to the recent halving event, which has cut their mining rewards by over 90%.
This reduction in rewards creates significant challenges for miners, impacting their profitability and sustainability. The long-term implications of this trend could be profound, affecting not only miners but also investors and the broader cryptocurrency market.
As rewards decrease, only the most efficient and cost-effective mining operations are likely to survive, leading to increased centralization in Bitcoin mining.
