Major mining firms expect the Bitcoin halving to reduce profitability and cause an increase in network fees, which could challenge the existence of less efficient miners.
The Bitcoin halving will likely wreak havoc on small, less efficient Bitcoin miners but should be no issue for well-established players, according to industry executives.
In under a month, Bitcoin miners face the reality of reduced block rewards, which is anticipated to significantly impact profitability and income. Bitcoin mining CEOs tell Cointelegraph that the efficiency and scale of mining operations will be critically important as firms clamber for a share of the reduced rewards.
Marathon Digital, considered one of the largest mining firms in North America, is among the players that have long been planning for the halving. The firm’s chief growth officer Adam Swick tells Cointelegraph the halving will be a test to reveal the most efficient and well-funded entities.
