Bitcoin Miners Continue to Sell BTC Ahead of Halving, Blockchain Data Show

The estimated number of BTC held in wallets tied to miners has dropped to the lowest since mid-2021.

Currently, the miners receive 6.25 BTC per block. The halving, a quadrennial event due in April, will reduce that figure to 3.125 BTC, cutting per-block revenue by 50%. To improve profitability, miners may be using their stored BTC to buy more efficient equipment so that running costs drop, said FRNT Financial, a crypto platform based in Toronto.

Source link

Be the first to comment

Leave a Reply

Your email address will not be published.


*