Mustafa has been writing about Blockchain and crypto since a few years. He has earlier buying and selling expertise and has been working within the Fintech business since 2017.
JPMorgan has reported that Bitcoin miners are diversifying their operations forward of the upcoming halving occasion. The funding financial institution cited information from blockchain evaluation agency Glassnode, which confirmed that miners are shifting away from solely counting on block rewards and are as an alternative growing their earnings streams by means of transaction charges and different companies. This diversification is seen as a response to the upcoming halving, which is able to minimize the reward for mining a block in half, lowering miner income by 50%. By increasing their earnings streams, miners are hoping to offset the impression of this discount and stay worthwhile.
