Bitcoin mining profitability may not necessarily decrease as halving approaches, with only 10 days remaining.

Bitcoin mining profitability is expected to remain stable even after the upcoming halving event, according to Laurent Benayoun, CEO of Acheron Trading. The halving, scheduled for April 19, will reduce block issuance rewards from 6.25 BTC to 3.125 BTC. In previous halvings, smaller mining companies were unable to sustain their operations due to the reduced rewards. However, Benayoun believes that this time will be different. He attributes this to the increasing network fees and the growth of Bitcoin-native decentralized finance (BTCFi). Network fees are transaction fees paid to incentivize miners, and they have been on the rise. Currently, the average Bitcoin transaction fee is $4.88, a decrease from $16.13 a month ago. Despite the recent drop in Bitcoin’s price, mining companies can still remain profitable as long as the price stays above $70,000, says Joe Downie, CMO of NiceHash. The profitability of mining firms also depends on the quality and energy efficiency of their mining equipment. With Bitcoin’s price appreciation and the higher network fees, fewer mining companies are expected to go out of business compared to previous halving cycles.