The block reward halving’s impact on mining profitability could prompt Bitcoin miners to look for more sustainable energy sources, turning the grid more sustainable.
The upcoming Bitcoin halving could lead to a greener Bitcoin (BTC) mining network with more sustainable energy sources.
With Bitcoin block rewards set to cut from 6.25 BTC to 3.125 BTC, paired with a continually increasing Bitcoin hash rate, the profitability of mining firms could take a hit.
In turn, this could lead miners to search for greater capital efficiency via sustainable energy sources, according to Matteo Greco, research analyst, at Fineqia International. Greco wrote: