Bitcoin halving is coming in about 833 days, but here's the reality check nobody's talking about—mining ops are still struggling to turn a profit since the last halving in 2024.
The numbers tell the story. While halving events drive narrative and price speculation, the actual mining economics haven't caught up yet. Operating costs, electricity fees, and hardware depreciation are eating into margins faster than difficulty adjustments can compensate.
For miners holding or accumulating BTC through this cycle, patience might be the game. But for anyone thinking halving = instant profitability boost? That's not how it works in practice. Market conditions, hash rate competition, and energy costs matter just as much as the supply schedule.
This page may contain third-party content, which is provided for information purposes only (not representations/warranties) and should not be considered as an endorsement of its views by Gate, nor as financial or professional advice. See Disclaimer for details.
11 Likes
Reward
11
7
Repost
Share
Comment
0/400
RugpullSurvivor
· 15h ago
The day I sold my mining rig, I knew that halving couldn't save the miners at all.
Really, electricity costs eat up all profits, and the difficulty keeps rising. This game is not as simple as it seems.
In plain terms, it's about endurance—seeing who can survive until the next bull market.
View OriginalReply0
Tokenomics911
· 2025-12-31 17:19
Halving benefits are all stories; those who truly make money have already shifted to energy arbitrage. Miners are indeed having a tough time right now.
---
Honestly, it's easy to hype the halving narrative, but electricity bills don't lie.
---
It's been 833 days again... by then, the difficulty will have already increased, and it won't cover the current losses.
---
Miners should sell their old mining rigs now, or they will become even more devalued later. I'm serious.
---
Wait, does this mean the market will be harder to rally before the halving? Feeling a bit anxious.
---
Profitability is inherently a cyclical issue; waiting for the halving to improve it is unreasonable. Those who should stockpile have already done so.
---
So, are large mining farms looking for cheap electricity? That's the real key, not the halving.
---
Thinking in reverse... maybe the price needs to rise first to solve the miners' dilemma?
---
The halving is just a mathematical event; profitability is the real issue. Many people have it backwards.
---
With such fierce competition in hash rate, another halving won't help; a new mining paradigm must emerge.
View OriginalReply0
DarkPoolWatcher
· 2025-12-29 20:48
Is this the same old story again, that halving will make money? Wake up, electricity costs and difficulty have already eaten up all the profits.
Look at how miners are doing now, they can only wait and see with their holdings. This is the reality.
Energy costs are the real killer, not something that can be saved by halving.
The halving narrative is really outdated; the market isn't that simple.
Seller's narrative vs actual operations, they are always two different things.
Waiting 833 days? Better to think about how to reduce costs.
Honestly, miners' days are harder than most people imagine.
View OriginalReply0
SchrodingersPaper
· 2025-12-29 20:44
Wow, 833 days? I feel like the halving is even lazier than me... Are the miners probably just eating dirt right now?
View OriginalReply0
BuyHighSellLow
· 2025-12-29 20:39
Halving, halving, sounds like a golden oil, but miners are still losing money.
Wait, so now we all have to rely on "patience" to break even? That logic is a bit extreme.
Electricity costs are truly the poison of the mining industry; no one can escape it.
View OriginalReply0
quietly_staking
· 2025-12-29 20:39
Only 833 days until the halving... So I have to keep running my mining rigs at a loss for now, the electricity costs are really insane.
View OriginalReply0
Ser_This_Is_A_Casino
· 2025-12-29 20:34
Stop talking about the halving narrative. Miners should have understood this long ago — mining is not trading coins; electricity costs are the real enemy.
Bitcoin halving is coming in about 833 days, but here's the reality check nobody's talking about—mining ops are still struggling to turn a profit since the last halving in 2024.
The numbers tell the story. While halving events drive narrative and price speculation, the actual mining economics haven't caught up yet. Operating costs, electricity fees, and hardware depreciation are eating into margins faster than difficulty adjustments can compensate.
For miners holding or accumulating BTC through this cycle, patience might be the game. But for anyone thinking halving = instant profitability boost? That's not how it works in practice. Market conditions, hash rate competition, and energy costs matter just as much as the supply schedule.