According to Foundry's Vice President of Research, Jay Beddict, LN will be attractive to small-scale miners following the impending halving event, he told Cryptonews.

"Beddict advised interested miners to open Lightning channels prior to the halving, as fees could become extremely volatile in the lead-up to and after the halving."

Nevertheless, a lot of small miners still don't make enough money each day to reach the basic withdrawal requirements on pools. With Lightning, custodial risk can be reduced without requiring more earnings to reach on-chain thresholds.

In light of this, Beddict revealed that Foundry, best known for running the Bitcoin mining pool "Foundry USA Pool," is at ease using and managing LN.

Additionally, Heatbit's CEO and founder, Alex Busarov, stated to Cryptonews that Heatbit would shortly be utilising LN to manage its rewards to miners.

Heatbit offers Bitcoin-mining smart home appliances that let consumers mine for heat instead of relying on more conventional heating techniques.

"Our home-based users who might earn smaller mining rewards will benefit the most from the Lightning Network," stated Beddict.

"In this way, we can expedite the transfer procedure and lower transaction fees, enabling us to pay out even the tiniest prizes on time.”

Difficulties Could Prevent Lightning Network Adoption

There are still difficulties even though it's noteworthy that more small-scale miners are using the Lightning Network.

Adoption is the largest obstacle to using The Lightning Network, according to Austin Mitchell, co-founder and CEO of the energy business Synota, who spoke with Cryptonews.

Really, miners can only utilise the Lightning Network if they have counterparties to pay on the network," Mitchell remarked.

Thankfully, it seems that the Lightning Network is expanding. In contrast to LN's 100,000 users in 2022, over 80 million users currently have access to the platform, according to a recent Arcane Research analysis.