Home Bitcoin Bitcoin (BTC) ‘Halving’ Will Deal a $10 Billion Blow to Crypto Miners

Bitcoin (BTC) ‘Halving’ Will Deal a $10 Billion Blow to Crypto Miners

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Bitcoin (BTC) ‘Halving’ Will Deal a $10 Billion Blow to Crypto Miners

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For enthusiasts of Bitcoin, a once-every-four-years software update called the “halving” has long been held as one of the keys to propping up its value.

This time around, it’s also set to trigger multibillion-dollar declines in revenue for the very companies that ensure the digital currency’s smooth functioning, right on the heels of a surge in their biggest costs.

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