$2.7B worth of electricity spent on US Bitcoin mining in 2024 — analyst

Miners’ profitability were slashed after the Bitcoin Halving event in April dropped rewards from 6.25 BTC to 3.125 BTC per block.

Miners’ profitability were slashed after the Bitcoin Halving event in April dropped rewards from 6.25 BTC to 3.125 BTC per block.
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