Global #halving event

Bitcoin miners are beginning to experience pressure as they adjust to halved rewards following the halving event. While there was a temporary relief due to a surge in network fees, the subsequent decrease in transaction fees is now exacerbating their financial challenges.

The "hash price," a statistic that is crucial to the profitability of Bitcoin mining, has recently fallen to previously unheard-of levels, raising fears among the mining community.

With the successful completion of its fourth halving event, miners' block rewards have once again been cut in half, from 6.25 to 3.125 BTC. The Bitcoin halving, sometimes referred to as "the halvening," is scheduled to occur every 210,000 blocks, or roughly every four years.

Bitcoin BTC is on the brink of its fourth halving event, scheduled to occur when Bitcoin’s block height hits 840,000 on April 20.

Bitcoin's mining difficulty keeps increasing in anticipation of the momentous halving event, which will slash miner rewards by 50%.