Bitcoin mining profitability won’t necessarily fall after halving
The increasing Bitcoin network fees, thanks to the emergence of Ordinals inscriptions and BTCFi could complement miner revenue post-halving, according to Acheron Trading’s CEO.
Bitcoin mining profitability won’t necessarily fall after the upcoming Bitcoin halving, despite a 50% Bitcoin (BTC) supply issuance reduction, Laurent Benayoun, the CEO of Acheron Trading, told Cointelegraph in an interview:
The Bitcoin halving is set to reduce block issuance rewards from 6.25 BTC to 3.125 BTC on April 20. Following previous halvings, smaller mining firms were forced out of business due to the decreased block rewards.
However, this will be different after the 2024 halving due to the increasing network fees boosted by Ordinals inscriptions and Bitcoin-native decentralized finance (DeFi), or BTCFi, Benayoun told Cointelegraph:
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