$2.7B worth of electricity spent on US Bitcoin mining in 2024 — analyst
Miners' profitability were slashed after the Bitcoin Halving event in April dropped rewards from 6.25 BTC to 3.125 BTC per block.
Archive context
Older archive item. Useful for background and entity history, but not a fresh market-moving signal.
Miners' profitability were slashed after the Bitcoin Halving event in April dropped rewards from 6.25 BTC to 3.125 BTC per block.
Why this matters
This mining story adds another data point to the current market tape and is useful when read alongside nearby source coverage.
Original source
Read on CointelegraphRelated market context
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