It’s been a brutal past two weeks for Bitcoin miners. After the block reward halving that transpired on May 11th, the revenue of BTC miners was effectively cut in half overnight. The number of coins issued per block fell from 12.5 to 6.25, halving the inflation rate of the flagship crypto. Due to the drop in revenues, Bitcoin miners operating on the margin have been forced to go offline, thus driving the network hash rate […]
