Bitcoin Miners Brace for Impending Halving, Focus on Sustainability and Efficiency

As the Bitcoin halving approaches, reducing rewards for miners from 6.25 to 3.125 BTC per block, the industry emphasizes sustainable and efficient practices to maintain profitability.

The upcoming Bitcoin halving event will slash the mining reward in half, posing a significant challenge for miners' profitability.
Developers and miners are enhancing Bitcoin's network and infrastructure to attract more users and maintain operational viability.
Innovations such as zero-knowledge technology and new layer-2 solutions like Merlin and B² Network are being integrated to address Bitcoin's scalability and functionality.
Mining companies are increasingly relying on renewable energy sources and advanced cooling technologies to reduce costs and improve sustainability.
The industry is seeing consolidation as smaller operations shut down or merge with larger entities to survive the reduced rewards.