Bitcoin’s Hash Rate Skyrockets Post-Halving, Miners Struggle Amidst Price Decline
New York, NY – Bitcoin miners are facing challenges as the industry grapples with rising costs following a recent halving event. The sharp increase in the hash rate required for Bitcoin mining has surpassed historical levels, posing new obstacles to an already struggling sector. According to industry experts, the halving event has significantly impacted miners’ profitability due to reduced block rewards. With rewards cut in half, miners are forced to double their investments to maintain …