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As Bitcoin's anticipated halving approaches, miners are facing a new reality: rewards are being reduced to 3,125 BTC. In an environment of record revenues and increasing competition, this raises the question of what innovations miners will make to remain profitable.
According to analysts at cryptocurrency analysis firm CryptoQuant, halving the reward amount will force miners to innovate and evolve. Daily revenues may have reached new highs, but the miner hash price remains 30% lower than the last pre-halving levels. This shows that the earnings per transaction are decreasing.
The report notes that the significant drop in transaction fees has also increased this pressure, further affecting the profitability of Bitcoin miners as the halving approaches. The increase in the hash rate of the Bitcoin network indicates that more miners are competing for the same rewards. This intense competition forces miners to adapt to lower revenues and increased competition.
According to CryptoQuant data, some miners are selling more BTC ahead of the halving. Daily sales to OTC (over-the-counter) desks reached 1,600 Bitcoins at the end of March, the highest level since August 2023. This shows that miners are trying to maximize their profits before the halving.
According to analysts, as the Bitcoin halving approaches, miners need to adapt to this new reality. Innovation and efficiency will be the key to profitability. The report states that the halving could reshape the mining industry and increase demand for greener energy solutions.
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So who will benefit?
Our friends who have not activated the futures section yet, while activating your FUTURES trading section, you will earn 10 dollars when you open it by entering my reference code 88623008.
I EXPLAIN IN DETAIL.
My brothers and sisters who have become a Binance member without reference, please listen carefully;
When you do what I say, you will receive 10 USDT.
Enter the Futures Section from your application,
On the next screen, open your account by entering the code 88623008 in the REFERENCE CODE section,
My brothers and sisters who want to complete this transaction and receive the 10 USDT reward by MAY 1 can do so. After activating your account, all you have to do is open your first futures transaction.
The first 1,000 brothers to open a 200 USDT transaction by MAY 1 will receive a 10 USDT reward.
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WHEN WILL THE AWARD COME?
Your 10 dollar reward will arrive in the REWARDS section of your Binance application within 30 days, starting from May 1st. By activating it from there, you can use your reward of 10 dollars, or more than 300 liras, in futures transactions.
You can help your friends in need by sharing this post.
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