What the Bitcoin halving means for miners ⛏️

The Bitcoin halving will slash block rewards—here's how that will affect miners big and small.

Author

Stephen Graves
April 18, 2024

Welcome to the Daily Dispatch from Decrypt. This is Stephen bringing you your daily news dose. Catch the latest from across our Hubs here!

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📝 What you need to know

With the clock ticking down to the next Bitcoin halving, miners are in the crosshairs as their block rewards are set to be slashed. Decrypt checked in with some of largest public Bitcoin mining firms to gauge how well they’re positioned for the halving. Meanwhile, Bitcoin continues to see volatility ahead of the halving, with its price recovering to $63,000.

📰 Top Stories

How the Bitcoin Halving Will Affect Miners Big and Small

Corporate miners have been prepared for the Bitcoin halving for months. At-home miners, by contrast, could face extinction.

Liquidations Top $255 Million as Bitcoin Recovers to $63K Ahead of Halving

The Bitcoin price has leveled off since yesterday, but left a $255 million trail of liquidations in its wake.

Has Craig Wright Finally Given Up His Campaign to Claim Bitcoin Was His Idea?

Has Craig Wright finally given up his claim that he invented Bitcoin? Maybe—he's dropped his lawsuit against 12 Bitcoin developers.

24 Hours in the Flooded Crypto Apocalypse of Dubai

Decrypt reporter Sander Lutz braved the flooded streets of Dubai this week en route to the Token 2049 crypto conference. Here's his report.

From Our Partner

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📚 Dive Deeper

🎓LEARN: What is the Bitcoin Halving? How Bitcoin's Supply is Limited

Every four years, the amount of Bitcoin awarded to miners is halved, an event known as the Bitcoin halving. Here's how it works.

📹 WATCH: Decrypt's Sander Lutz Braves the Dubai Floods for a Crypto Conference

Decrypt reporter Sander Lutz reports from Dubai amid historic floods, trudging through the streets to complete his essential task: Attending the Token 2049 crypto conference.