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Bitcoin halving in April to cut mining reward, driving an exodus of old US equipment to countries with cheap electricity

Bitcoin halving, a once-every-four year event baked into the system, will slash the reward that is the main revenue stream for miners.

Bitcoin 'halving' spurs exodus of old US mining computers abroad

In Bitcoin mining, specialised machines are used to validate transactions on the blockchain and earn operators a fixed token reward.

Luxor forecasts massive migration of Bitcoin rigs ahead of halving

Bitcoin's 'Halving' Sparks Migration of US Mining Computers Overseas

EconoTimes is a fast growing non-partisan source of news and intelligence on global economy and financial markets, providing timely, relevant, and critical insights for market professionals and those who want to make informed investment decisions.

Bitcoin 'halving' spurs exodus of about 6,000 old US mining computers abroad

ABOUT 6,000 older Bitcoin mining machines in the US will soon be idled and sent to a warehouse in Colorado Springs where they’ll be refreshed and resold to buyers overseas looking to profit from mining in lower-cost environs. Wholesaler SunnySide Digital operates the 35,000 square-foot facility taking in the equipment…

Bitcoin 'halving' spurs exodus of US mining computers

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Bitcoin's 'Halving' Sparks Migration of US Mining Computers Overseas

EconoTimes is a fast growing non-partisan source of news and intelligence on global economy and financial markets, providing timely, relevant, and critical insights for market professionals and those who want to make informed investment decisions.

Bitcoin 'Halving' Spurs Exodus of Old US Mining Computers Abroad

(Bloomberg) -- About 6,000 older Bitcoin mining machines in the US will soon be idled and sent to a warehouse in Colorado Springs where they’ll be refreshed and resold to buyers overseas looking to profit from mining in lower-cost environs. Most Read from BloombergRussia Mourns 133 Killed in Deadliest Moscow Attack in DecadesPutin Rejected Terror Alert Before Deadliest Attack in DecadesCatherine, Princess of Wales, Says She’s Being Treated for CancerHarassment and Drugs Have Plagued a Citi Divis

US crypto miners challenge EIA's energy usage survey

Bitcoin halving 2024 - miners predict potential outcomes of reduced BTC rewards