What Is the Impact of a Cryptocurrency’s “Halving” Event on the Breakeven Point?

A halving event is a programmed reduction in the block subsidy, typically by 50%. This directly cuts the primary revenue stream for miners.

To maintain profitability after a halving, a miner's breakeven point must be recalculated. Miners must see either a substantial increase in the cryptocurrency's market price, a decrease in operational costs (like electricity), or a significant improvement in hardware efficiency to remain profitable.