As the Bitcoin halving approaches, miners across the world have been forced to make adjustments in order to adapt.
For Bitcoin miners in countries with subsidized electricity such as Venezuela or low electricity prices such as China, where most of the hashing power on the Bitcoin network resides, a production cost increase can prove manageable.
European miners prepare for the halvingSo, here is how miners in Europe, where electricity prices are some of the highest in the world, have prepared for the halving.
The U.S. is the most energy abundant country in the world.”When piecing all the factors together, the mining industry in Europe has a bumpy road ahead.
Related: BTC Miners Expect Bitcoin Price to Surpass $12K After Reward Halving

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