This is how ready the mining industry is

In April, the income of Bitcoin miners suddenly drops. Because: The Bitcoin Halving halves the block subsidy to 3,125 BTC per block found. This means another stress test for the mining industry. Thanks to the recent sharp rise in the Bitcoin price, the companies are in a solid starting position.

Phil Harvey also thinks so in an interview with BTC-ECHO. “We are seeing several interesting dynamics in the mining industry,” said the CEO of Sabre56, a blockchain data center consulting firm. Particularly interesting: the entry of well-known institutional investors such as BlackRock.

The approval of the Bitcoin Spot ETF reflects a growing recognition of Bitcoin’s long-term potential and legitimacy. This development shows that the industry is being taken seriously and is on the way to becoming established, says Harvey. BTC-ECHO asked around in the mining industry: This is the mood before the halving.

Bitcoin Mining: “Efficiency is Key”