Halving of Bitcoin block subsidy in April 2024 leads to financial strain on miners

From Cointelegraph

August 29, 2024 7:32 pm:

The Bitcoin block subsidy was reduced from 6.25 Bitcoin to 3.125 during the April 2024 halving, causing financial strain on miners.

Miners face challenges as the Bitcoin block subsidy is slashed, impacting their profitability and sustainability in the industry.

The halving of the Bitcoin block subsidy to 3.125 Bitcoin in April 2024 has led to increased financial woes for miners in the cryptocurrency space.

Read more at Cointelegraph: Bitcoin mining CEO eyes hashrate contracts to offset rising costs