The Bitcoin Halving is Getting Near: Miners Need to Prepare, According to Fidelity

Fidelity Digital Assets have stated in a recent report that while Bitcoin holders typically anticipate the quadrennial reward halving to boost prices, miners must actively strategize to plan for the upcoming event to prevent going bankrupt.their current hash rate, energy consumption, and infrastructure and face ongoing competition from the entire network, all striving to maintain profitability amidst the same challenges.

Gray highlights that miners must continually strive to increase their hashrate efficiency, secure lower-cost energy from more economical sources, and expand their infrastructure to accommodate new machines. However, given the competitive landscape, every miner vies for the same resources.poses significant challenges as Bitcoin adjusts to the immediate reduction in rewards, necessitating miners to possess capital reserves to cushion the decline in revenue.

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