Bitcoin mining profitability may not decrease after 10 days until halving.

Bitcoin mining profitability is not expected to decline significantly after the upcoming Bitcoin halving, despite a 50% reduction in Bitcoin supply issuance, according to Laurent Benayoun, the CEO of Acheron Trading. The Bitcoin halving, scheduled for April 19, will reduce block issuance rewards from 6.25 BTC to 3.125 BTC. In previous halvings, smaller mining firms were unable to sustain their operations due to the reduced block rewards. However, Benayoun believes that this time will be different due to the increasing network fees driven by Ordinals inscriptions and Bitcoin-native decentralized finance (BTCFi). Network fees are transaction fees paid to miners to include transactions in blocks. The average Bitcoin transaction fee is currently $4.88, down from $16.13 a month ago. Over the past year, Bitcoin transaction fees have risen by over 86%, according to YCharts. Joe Downie, the chief marketing officer of NiceHash, stated that Bitcoin mining companies would generally remain profitable as long as the Bitcoin price stayed above $70,000. However, as of now, the Bitcoin price has fallen to $66,851, trading below the $70,000 mark since April 1. Downie also emphasized that a mining firm’s profitability depends on the quality and energy efficiency of its mining equipment. Despite the potential challenges, Benayoun believes that fewer mining firms will be forced out of business this time due to the combination of Bitcoin’s price appreciation and increasing network fees.