Bitcoin miners adapt as transaction fees cool ahead of halving

Bitcoin miners are expanding their capabilities in response to changing market dynamics, with transaction fees becoming increasingly important for revenue. Network congestion and new technologies like Inscriptions are driving up fees, leading to increased earnings for miners. Cipher Mining and Stronghold Digital have announced major expansions to their mining capabilities, highlighting the growing influence of companies like Canaan in the industry. However, the fluctuating nature of transaction fees poses a risk for miners, requiring them to adapt their strategies to navigate these changing market dynamics.