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Matthew Schultz: “90% of large miners will be unprofitable after Bitcoin halving”
Matthew Schultz refers to a study by financial and auditing company Cantor Fitzgerald. According to him, at current Bitcoin prices, the largest miners, including Marathon Digital, Riot Platforms, and Core Scientific, will come under pressure after the halving of the first cryptocurrency. The cost of mining 1 BTC will exceed the price of the first cryptocurrency on the market.
According to Schultz, the most vulnerable are the British firm Argo Blockchain and the American Hut 8 — after halving, the cost of mining bitcoins for these companies will be $62,276 and $60,360, respectively. At the same time, at current prices in the region of $40,000, only Bitdeer (Singapore) and his company CleanSpark (USA) will be able to maintain their business.
Recall that the next Bitcoin halving is due in April this year. If miners now receive 6.25 BTC for discovering a block, then after halving the reward, the reward will be 3.125 BTC.
#Halving #Halvings #Mining #maining #Bitcoin
$BTC
Matthew Schultz refers to a study by financial and auditing company Cantor Fitzgerald. According to him, at current Bitcoin prices, the largest miners, including Marathon Digital, Riot Platforms, and Core Scientific, will come under pressure after the halving of the first cryptocurrency. The cost of mining 1 BTC will exceed the price of the first cryptocurrency on the market.
According to Schultz, the most vulnerable are the British firm Argo Blockchain and the American Hut 8 — after halving, the cost of mining bitcoins for these companies will be $62,276 and $60,360, respectively. At the same time, at current prices in the region of $40,000, only Bitdeer (Singapore) and his company CleanSpark (USA) will be able to maintain their business.
Recall that the next Bitcoin halving is due in April this year. If miners now receive 6.25 BTC for discovering a block, then after halving the reward, the reward will be 3.125 BTC.
#Halving #Halvings #Mining #maining #Bitcoin
$BTC
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1.Blum 2.Major 3.SEED 4.Tomarket 5. Binace Moonbix
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New Airdrop listing date 30 September.
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Can you join this Airdrop??
#BinanceLaunchpoolHMSTR
#AirdropBinance
#Airdrops_free
#Bits
#maining
Top books about crypto:
“The Bitcoin Standard” by Saifedean Ammous:
Written by Saifedean Ammous, an Assistant Professor of Economics at the Lebanese American University, this book offers a comprehensive guide to the history of Bitcoin. It covers its creation
Digital Gold” by Nathaniel Popper:
This book delves into the fascinating history of Bitcoin, chronicling its rise from obscurity to mainstream prominence. It provides insights into the people behind Bitcoin, the challenges they faced, and the impact of this revolutionary digital currency2.
Cryptoassets: The Innovative Investor’s Guide to Bitcoin and Beyond” by Chris Burniske and Jack Tatar:
Written by industry experts, this book explores various cryptoassets beyond just Bitcoin. It covers investment strategies, risk management, and the broader crypto market landscape2.
Mastering Bitcoin” by Andreas M. Antonopoulos:
A technical guide for those interested in understanding the intricacies of Bitcoin. It covers topics like wallets, transactions, and security in detail2.
#crypto #maining #freeusdtgift #books #LearnTogether
“The Bitcoin Standard” by Saifedean Ammous:
Written by Saifedean Ammous, an Assistant Professor of Economics at the Lebanese American University, this book offers a comprehensive guide to the history of Bitcoin. It covers its creation
Digital Gold” by Nathaniel Popper:
This book delves into the fascinating history of Bitcoin, chronicling its rise from obscurity to mainstream prominence. It provides insights into the people behind Bitcoin, the challenges they faced, and the impact of this revolutionary digital currency2.
Cryptoassets: The Innovative Investor’s Guide to Bitcoin and Beyond” by Chris Burniske and Jack Tatar:
Written by industry experts, this book explores various cryptoassets beyond just Bitcoin. It covers investment strategies, risk management, and the broader crypto market landscape2.
Mastering Bitcoin” by Andreas M. Antonopoulos:
A technical guide for those interested in understanding the intricacies of Bitcoin. It covers topics like wallets, transactions, and security in detail2.
#crypto #maining #freeusdtgift #books #LearnTogether