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Post-Halving, Bitcoin Miners Look to Evolve
Bitcoin’s much anticipated quadrennial halving occurred last weekend. And one of the byproducts of that event is the rewards earned by bitcoin miners will be, well, halved. To be exact, the most recent halving pares the rewards earned by miners to 3.125 bitcoins from 6.25. Before the halving, some market observers speculated that reduced rewards for miners would crimp bottom lines. That’s a significant concern in a young, margin-sensitive industry. The specter of the halving potentially imperiling some miners that haven’t reached profit consistency even as bitcoin prices have jumped is something for investors ... (full story)