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“The expected Bitcoin halving event in April 2024 could cause a 30% drop in Bitcoin’s computational force, potentially making mining unprofitable for many. Miners could mitigate this by deploying new-generation machines that require less power, thus reducing operating costs.”

The upcoming Bitcoin halving in April 2024 will force miners to optimize and adapt strategies to remain profitable, as block rewards are slashed to 3.125 BTC. Post-halving mining costs may double, making energy costs and equipment efficiency vital for miner survival.