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You can also read this news on COINTURK NEWS: <a href="https://en.coin-turk.com/crypto-miners-face-new-challenges-in-bitcoin-halving/" data-wpel-link="internal">Crypto Miners Face New Challenges in Bitcoin Halving</a> 
According to a recent research report by Broker Benchmark, crypto miners, significant participants in the cryptocurrency world, will overcome the effects of <a href="https://en.coin-turk.com/bitcoin-price-predictions-for-the-rest-of-2023-will-it-continue-to-rise/" data-wpel-link="internal">Bitcoin</a>‘s (<a href="https://coin-turk.com/bitcoin-24-000-dolar-oldu-bitcoin-dusecek-mi-balinalar-ne-yapmaya-calisiyor-iste-bitcoinde-son-durum" data-wpel-link="internal">BTC</a>) block reward halving this time with greater resistance. Benchmark noted that the significant increase in Bitcoin’s price over the last six months played a role in this resilience. Data shows that the market value of the largest cryptocurrency has risen about 140% during this period. 
<h2 style="text-align: justify" id="strong-the-impact-of-block-reward-halving-on-miners-will-be-limited-this-time-strong">The Impact of Block Reward Halving on Miners Will Be Limited This Time</h2> 
Bitcoin‘s supply growth rate will decrease by 50%, and miners will receive a 50% reduced block reward per mined block, with the halving expected to occur within 24 hours. 
Benchmark’s research is based on the views of Bitdeer Technologies‘ Chief Strategy Officer Haris Basit, who suggests that the recent rise in <a href="https://en.coin-turk.com/activity-in-large-bitcoin-wallets-detected-by-santiment/" data-wpel-link="internal">BTC</a>‘s price could provide a lifeline for less efficient miners in the short term. Basit evaluates that the price increase, especially, could help the less efficient miners in the network, thereby mitigating the impact of the block reward halving. 
<img loading="lazy" loading="lazy" decoding="async" class="aligncenter size-full wp-image-342169" src="https://coin-turk.com/wp-content/uploads/2024/04/Bitcoin-Blok-Odulu-Yarilanmasi-Rapor.png" alt="" width="2230" height="1556"> 
Benchmark analyst Mark Palmer noted that publicly traded Bitcoin mining companies have responded to declining revenue and gross profit profiles by implementing or announcing plans to increase their electricity and hashrate capacities. Despite these measures, the uncertainty surrounding the block reward halving has led to a decline in the stocks of mining companies traded on the exchange since the beginning of the year, despite a 46% rise in Bitcoin’s price during the same period. 
Palmer emphasized the potential for Bitcoin miners, especially if historical patterns repeat and the largest cryptocurrency experiences a strong price surge post-halving, to offset the economic impact of the block reward halving over time. Additionally, Benchmark added that a potential increase in network fees could further mitigate the effects of the block reward halving on miners. 
<h2 style="text-align: justify" id="strong-support-from-spot-etfs-could-increase-the-impact-of-block-reward-halving-strong">Support from Spot ETFs Could Increase the Impact of Block Reward Halving</h2> 
Benchmark’s report also highlighted that the impact of the block reward halving on Bitcoin’s price could be enhanced by the concurrent emergence of spot Bitcoin exchange-traded funds (ETFs), which were approved and opened for trading in the US in January. The report anticipates significant interest from institutional investors in these funds, which could shape Bitcoin’s price trajectory following the block reward halving. 
<h5>The post first appeared on COINTURK NEWS: <a href="https://en.coin-turk.com/crypto-miners-face-new-challenges-in-bitcoin-halving/" data-wpel-link="internal">Crypto Miners Face New Challenges in Bitcoin Halving</a></h5>

Crypto Miners Face New Challenges in Bitcoin Halving

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