Bitcoin Miners Remain Optimistic About Future Despite Anticipated Revenue Loss
The CEOs of bitcoin mining firms reportedly remain bullish despite the anticipated drop in block rewards, which is set to follow the top cryptocurrency asset’s halving on or around April 20. Many of the CEOs believe a combination of low-cost operations and more efficient equipment will enable miners to offset the revenue loss related to the halving. According to a report, Bitcoin’s fourth halving since its launch will result in miners losing as much as $10 billion in revenues.
