Bitcoin mining firms could potentially benefit from the revenue generated by Ordinals inscriptions after the upcoming halving event in April, according to digital asset management firm Grayscale. Since the launch of the Ordinals protocol in January 2023, miners have earned $200 million from around 59 million non-fungible token-like collectibles. The halving event, scheduled for April 18-20, will reduce miner rewards from 6.25 BTC to 3.125 BTC, meaning miners will need to rely on an increase in the price of BTC and higher transaction fees to make up for the reduction. Grayscale researcher Michael Zhao warned that this combination of declining revenue and rising costs could put miners in a difficult position in the short term. Read more AI-generated news on: https://app.chaingpt.org/news