If the price of the currency remains unchanged after the halving, miners' daily income will drop to $6.7 million

Bitcoin miners are on the cusp of seeing their income drop after the network’s block reward subsidy is cut in half next month. The planned reduction will drop Bitcoin’s block reward from 12.5 BTC to 6.25 BTC. Current estimates suggest the halving will occur on May 12 or 13, though that date could change depending on the frequency of block production. As The Block’s Larry Cermak noted in a column published Monday, miners are currently making around $13.4 million per day (profits depend on the cost of electricity, labor, and other expenses).

However, after the halving, if the price drops accordingly, miners’ revenue will drop to $6.7 million per day.

This has significant implications for the financial health of miners. Those running inefficient Bitcoin mining hardware will face increasing pressure, especially those affected by the recent market turmoil. On the other hand, miners with healthier financial prospects, especially those who can protect and support more efficient hardware, may find themselves in a more competitive position.