BITPRISMIA
During the previous halving in 2020, the 7-day moving average of total miner revenue fell from $18.3 million on May 10 to just $8.44 million on May 18.
Bitcoin trades flat as a recent miner sell off and the expiration of derivatives contracts hold the digital asset below the $30,000 mark.
"The increase in energy consumption attributable to the growth of digital asset mining has negative environmental effects and can... increase energy prices," the White House said.