Everyone is eagerly anticipating the upcoming Bitcoin halving event next week. Which will create a supply shock in the market and thus the price of Bitcoin will rise. However, for cryptocurrency miners. This can be a daunting challenge resulting in billions of dollars in revenue declines.
Bitcoin Miners Will Suffer $10 Billion in Losses Around April 20, a Bitcoin halving event will halve miners' daily rewards from 900 to 450 BTC. This reduction in rewards could result in revenue losses of about $10 billion annually for the entire mining industry. Taking into account the current price of Bitcoin.
