Data shows: After Bitcoin halving, miners' daily income may drop from $13.4 million to $6.7 million

Data shows: After Bitcoin halving, miners' daily income may drop from $13.4 million to $6.7 million

On April 14, according to The Block, after the Bitcoin block reward is halved, miners' daily income may drop significantly. (Note: The halving is expected to take place on May 12, and after completion, the block reward will drop from 12.5 BTC to 6.25 BTC)

Currently, miners earn about $13.4 million per day (profits depend on the cost of electricity, labor, and other expenses). After the halving, if prices remain at current levels, miners’ daily income drops to $6.7 million, a 50% drop.
Miners running inefficient machines will face increasing pressure, especially those affected by recent market turmoil. On the other hand, miners who can acquire and support more efficient machines may find themselves in a more competitive position.
Regarding the impact of halving on miners, Matthew Graham, CEO of cryptocurrency investment fund Sino Global Capital, recently said that China's electricity costs are extremely competitive and halving will have little impact on Chinese miners.
As of press time, BTC was priced at $6,836, up 1% in 24 hours.


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