Struggling Bitcoin Miners Wary of Token’s Big ‘Halving’ Event
- Bitcoin miners brace for 50% cut to token rewards next year
- Miners also battling rising electricity costs, debt payments
A mural featuring the Bitcoin logo in Hong Kong.
Photographer: Paul Yeung/BloombergThis article is for subscribers only.
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Crypto enthusiasts are hopeful that a once-in-four-years event which rewrites the underlying code of the world’s biggest cryptocurrency will extend the current market rally. But the milestone also risks sounding the death knell for certain Bitcoin miners.