Marathon Digital: Miners Are Getting Ready for the Bitcoin Halving
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In February, Galaxy Digital predicted a 20% decrease in Bitcoin hashrate following the halving. This is due to financial struggles faced by some miners, causing them to disconnect from the BTC network.
The halving in April 2024 will result in a decrease of miners’ reward from 6.25 BTC to 3.125 BTC.
Marathon Digital CEO Fred Thiel has stated on Bloomberg TV that many miners have already prepared for the halving. This will lead to a reduction of approximately 450 Bitcoins in daily supply.
Thiel noted that the high prices of cryptocurrency have been a pleasant surprise for miners, minimizing the risk of shutdown for many small and medium-sized businesses involved in crypto mining.
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