3 Ways Bitcoin Miners Could Make Up for Lost Revenue After the Halving

investopedia.com:

The next bitcoin (BTC) halving—in which the amount of new bitcoin rewarded to miners with each newly found block is cut in half—is expected to take place next week. However, higher bitcoin prices, technological developments, and slight tweaks to business operations could help take some of that sting away from miner revenue.

Bitcoin miners are rewarded in bitcoin for successfully mining a block. After this halving, that reward will drop to 3.125 bitcoins. Over time, miners build up a reserve of the bitcoins they receive, and oftentimes those are sold ahead of halving events to cover costs of operations and equipment as mining gets more competitive.

This time around, miners have sold fewer bitcoins ahead of the halving—all thanks to the recent bitcoin rally. And if the price of bitcoin rises further, as it often does after the halving, the value of the bitcoin in miner reserves will go up, too. That could go some way toward making up for some revenue lost.

For example, the price of bitcoin was around $9,500 at the time of the prior halving on May 11, 2020, when the per-block subsidy was reduced to 6.25 bitcoins. The price eventually hit a record high at roughly $69,000 in December 2021. That means if a miner wanted to sell their block subsidy at that peak, it could theoretically fetch $431,250, up from $59,375 at the time of halving.

While past price trends may not guarantee future results, but this halving is different because of one factor driving up the demand, and consequently the price for bitcoins—spot bitcoin exchange-traded funds (ETFs).

Since the spot bitcoin ETFs started trading on Jan. 11, they purchased 212,852 bitcoins till the end of March, while miners have produced 74,756 bitcoins over the same period,