The 2024 halving cut the block reward from 6.25 to 3.125 BTC. Miners’ BTC income halved; compensation can come from higher price and higher transaction fees. The share of fees in pool income grows when the mempool is congested.
New ASICs (S21, M60S, etc.) keep lowering J/TH, making older models less attractive at high tariffs. Mining regulation varies by country: some restrict or ban it, others encourage green energy use. Switching to renewables and using stranded energy is becoming standard for large operators.
Following trends helps with payback estimates and long-term decisions on hardware and location.

