Mustafa has been writing about Blockchain and crypto since many years. He has previous trading experience and has been working in the Fintech industry since 2017.
JPMorgan has reported that Bitcoin miners are diversifying their operations ahead of the upcoming halving event. The investment bank cited data from blockchain analysis firm Glassnode, which showed that miners are moving away from solely relying on block rewards and are instead increasing their income streams through transaction fees and other services. This diversification is seen as a response to the upcoming halving, which will cut the reward for mining a block in half, reducing miner revenue by 50%. By expanding their income streams, miners are hoping to offset the impact of this reduction and remain profitable.
