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The post-halving Bitcoin mining market paradigm may shift towards further consolidation
Contributor Content The Bitcoin mining industry has undergone a significant transformation since the early days when anyone with dedicated software on their PC could participate. Many factors and contexts have changed, as the general trend has shifted towards an institutional approach, with larger players dominating the mining landscape amid dramatically increased competition for mining the next block. […]
The 2024 Bitcoin halving in April, which reduced the block reward to 3.125 BTC, has raised additional concerns about many mining businesses remaining profitable. Larger companies operating massive infrastructures have already formed secure winning strategies, preparing themselves for upcoming changes and potential risks in advance, confirms GoMining CEO Mark Zalan. The lack of potential for mining expenses optimization has become a critical survival factor amidst Bitcoin market prices, which did not skyrocket immediately after the halving as many expected.
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