Just weeks ago, there were fears that miners had begun to capitulate. Bitcoin blocks were slower than normal, transaction fees skyrocketed, and data analysts observed large outflows from miner wallets. What happened was the block reward halving, which decreased the revenue of miners by around 50%. After the halving in mid-May, Matt D’Souza, a hedge fund manager and the chief executive officer of Blockware Mining, said that 30% of Bitcoin miners were at risk of […]
