CryptoQuant CEO: Bitcoin needs to stay above $80,000 to maintain mining profitability after the halving

ChainCatcher news, according to Cointelegraph, on May 1, the total revenue from block rewards and transaction fees hit a new low of $26.3 million.

CryptoQuant CEO Ki Young Ju calculated that under current conditions, Bitcoin needs to stay above $80,000 to remain profitable for mining after the halving. Most miners are choosing to take proactive measures to upgrade their mining equipment to reduce long-term operating costs while staying competitive.