Bitcoin Halving Event and Its Effects on the Mining Sector

With the approach of the Bitcoin halving event, according to Laurent Benayoun, CEO of Acheron Trading, the decrease in mining rewards can be balanced with an increase in transaction fees. Benayoun expresses that Bitcoin block rewards will halve on April 20 and this situation will not affect the profitability of mining. Halving Effect and Mining Revenues After the halving, the profitability of mining companies may follow a different trajectory from previous years. Benayoun mentions that the increase in transaction fees and DeFi projects on Bitcoin will contribute to increased profits. Additionally, mining companies will generally make profits if the Bitcoin price stays above $70,000. Future of Mining Operations Bitcoin transaction fees showed a significant increase in recent years. Joe Downie, CMO of NiceHash, emphasizes that the Bitcoin price directly affects the profitability of mining companies and that the energy efficiency of mining equipment determines this profitability. According to Downie, older […]

Bitcoin Halving Event and Its Effects on the Mining Sector

With the approach of the Bitcoin halving event, according to Laurent Benayoun, CEO of Acheron Trading, the decrease in mining rewards can be balanced with an increase in transaction fees. Benayoun expresses that Bitcoin block rewards will halve on April 20 and this situation will not affect the profitability of mining.

Halving Effect and Mining Revenues

After the halving, the profitability of mining companies may follow a different trajectory from previous years. Benayoun mentions that the increase in transaction fees and DeFi projects on Bitcoin will contribute to increased profits. Additionally, mining companies will generally make profits if the Bitcoin price stays above $70,000.

Future of Mining Operations

Bitcoin transaction fees showed a significant increase in recent years. Joe Downie, CMO of NiceHash, emphasizes that the Bitcoin price directly affects the profitability of mining companies and that the energy efficiency of mining equipment determines this profitability. According to Downie, older hardware can become less profitable with decreasing rewards, while new and efficient models can sustain profitability.

Useful Information for Readers

Bitcoin halving will cut mining rewards by 50%.
Mining profitability can be compensated with an increase in transaction fees.
A Bitcoin price above $70,000 is seen as the profitability threshold for miners.
New and energy-efficient mining equipment is more competitive against decreasing rewards.

Finally, according to Benayoun’s predictions, it is expected that fewer mining companies will go bankrupt during this halving period compared to the past. The primarily high Bitcoin price and increased transaction fees can support this situation.

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