Overview

• The upcoming Bitcoin halving event will slash the mining reward in half, posing a significant challenge for miners' profitability.
• Developers and miners are enhancing Bitcoin's network and infrastructure to attract more users and maintain operational viability.
• Innovations such as zero-knowledge technology and new layer-2 solutions like Merlin and B² Network are being integrated to address Bitcoin's scalability and functionality.
• Mining companies are increasingly relying on renewable energy sources and advanced cooling technologies to reduce costs and improve sustainability.
• The industry is seeing consolidation as smaller operations shut down or merge with larger entities to survive the reduced rewards.