
cryptocurrency-and-mining6.405 min read
"Bitcoin Halving: Evolution of Mining and Investor Preparation"
1 year ago•Source: CoinDesk
The latest cryptocurrency and mining stories, summarized by AI


As the Bitcoin halving event approaches, US miners are preparing for reduced rewards by moving older, less efficient mining machines to countries in Africa and South America where energy costs are lower, with Ethiopia emerging as a potential crypto mining hub due to its cheap electricity. The upcoming halving event has influenced the behavior of buyers towards the purchase of old mining machines, with some waiting until after the event to make purchases, assuming prices will drop further.