Following the 2024 Bitcoin halving, block rewards were reduced from 6.25 BTC to 3.125 BTC, forcing miners to enhance efficiency and cut costs. A report from Cointelegraph Research discusses the industry's adaptation, including advancements in ASIC technology and the geographical and corporate shifts among mining firms. Despite decreasing margins, Bitcoin's network hashrate has surged, highlighting miners' drive for innovation in energy efficiency. The industry's evolution may redefine Bitcoin's role in finance, driven by institutional interest and sovereign adoption. The full report delves deeper into these changes and future outlooks for mining.
After the 2024 halving, Bitcoin mining faced profitability challenges as block rewards were halved; miners must innovate to survive in the new market landscape.
Cointelegraph Research's latest report offers insights into the mining industry's transformation, focusing on efficiency improvements and new models in response to the halving.
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