Currently, the miners receive 6.25 BTC per block. The halving, a quadrennial event due in April, will reduce that figure to 3.125 BTC, cutting per-block revenue by 50%. To improve profitability, miners may be using their stored BTC to buy more efficient equipment so that running costs drop, said FRNT Financial, a crypto platform based in Toronto.

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• Source: https://www.coindesk.com/markets/2024/02/29/crypto-miners-still-selling-their-bitcoin-as-reward-halving-looms-blockchain-data-show/?utm_medium=referral&utm_source=rss&utm_campaign=headlines