The possible reason is the expected drop in the bitcoin
block reward subsidy pushing bitcoin miners out of the industry.
Bitcoin will only ever produce 21m bitcoins to avoid hyperinflation, which means that, at some point, the bitcoin
block reward subsidy will end and bitcoin miners will only receive transaction fees.
CEO Sam claimed that the primary factor was the upcoming drop in the bitcoin transaction
block reward subsidy, set to take place sometime in the middle of July.
That means, at some point, the bitcoin
block reward subsidy will end and bitcoin miners will only receive transaction fees.
Not exact matches
CoinDance.com took into account three metrics when evaluating profitability: expense (price), task difficulty, and
block reward (
block subsidy + transaction fees).
The
block reward is the combination of the
block subsidy and the transaction fees.