Miners’ Energy Consumption Grows Despite Reduced Profit After Halving

Despite reduced profitability following the fourth halving, miners’ energy consumption continues to grow. The halving reduced the block reward from 6.25 BTC to 3.125 BTC, but this hasn’t halted the expansion of mining capacities.

The Bitcoin network’s hashrate has reached record levels, indicating ongoing investments in equipment. However, hashprice has dropped to record lows, decreasing miners’ profitability.

Experts note that only the most efficient operations will remain profitable under such conditions, which may lead to market consolidation.