👉👉👉 11 Bitcoin miners may not mine profitably post #halving : Cantor Fitzgerald
If the price of Bitcoin (#BTC🔥🔥 ) fails to surge significantly after the upcoming halving, eleven of the largest publicly traded Bitcoin miners, including Marathon Digital, Riot Platforms, and Core Scientific, may struggle to mine Bitcoin profitably, according to analysts at Cantor Fitzgerald. The analysis, referencing research from Cantor Fitzgerald, indicates that these miners might face increased pressure as the revenues they generate from mining operations may not outweigh the associated costs. Argo Blockchain and Hut 8 Mining are identified as potentially the most unprofitable after the halving, with an "all in" cost-per-coin rate of $62,276 and $60,360, respectively.
Cantor analysts anticipate that, assuming an average price of $40,000 per Bitcoin and no drastic changes in hash rate, only Singapore-based miner Bitdeer and U.S. mining firm CleanSpark are expected to maintain profitability following the halving. The "all in per coin" metric considers total costs incurred by a Bitcoin miner to produce a single Bitcoin, including electricity costs, hosting fees, and other cash expenses.
The Bitcoin halving, scheduled for April, involves a reduction in mining rewards by half for Bitcoin miners. While some see this as a bullish long-term factor for Bitcoin's price, miners with high operational costs could face challenges, especially if the #Bitcoinprice fails to cover these costs. The anticipation is that Bitcoin will experience a significant price jump in the months following the halving, according to many market commentators.
Source - cointelegraph.com
