Galaxy Mining Co-Director: This Bitcoin halving will not cause too many miners to stop operating immediately
Galaxy Mining Joint Director Brian Wright said that although Bitcoin's last halving occurred in May 2020, when Bitcoin prices rose sharply, the current mining operation is approaching marginal profitability, and this halving situation is completely different. Brian Wright explained: "In the past six months, Bitcoin prices have risen by about 120%, and many miners have reported that the marginal production cost is about $20,000/BTC. After this month's halving, the number of miners who need to stop operations immediately will not increase."
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