Miners of bitcoin will soon face a halving of the reward for operating the most popular cryptocurrency, in a pivotal event that is a test of survival, industry commentators say."The block reward halving tends to 'shake-out' the weaker mining operations," Simon Peters, analyst for trading company eToro, told AFP.
"Unfortunately for some, with the lower block reward received it no longer becomes profitable to mine bitcoin and the operation shuts down or gets acquired by a larger rival."
CleanSpark (CLSK) Releases April 2023 Bitcoin Mining Update streetinsider.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from streetinsider.com Daily Mail and Mail on Sunday newspapers.
Company mined 524 bitcoin in April; Increased bitcoin holdings 60% to 313LAS VEGAS, May 03, 2023 CleanSpark, Inc. , America’s Bitcoin Miner™, today released its unaudited bitcoin. | May 3, 2023