Bitget App
Trade smarter
Buy cryptoMarketsTradeFuturesCopyBotsEarn

Bloomberg: This Bitcoin halving may have an impact of about tens of billions of dollars on cryptocurrency miners

CointimeCointime2024/04/16 00:43
By:Cointime

Bloomberg stated that the next Bitcoin "halving" is expected to occur around April 20th. This will result in a 50% reduction in the amount of Bitcoin that miners can earn through verifying transactions each day. The upcoming Bitcoin halving could cause a loss of billions of dollars for cryptocurrency miners. In addition, competition for discounted electricity among artificial intelligence companies is becoming increasingly fierce, which will also lead to a decrease in revenue for Bitcoin mining companies after costs soar.

0

Disclaimer: The content of this article solely reflects the author's opinion and does not represent the platform in any capacity. This article is not intended to serve as a reference for making investment decisions.

PoolX: Stake to earn
APR up to 10%. Always on, always earning.
Stake now!

You may also like

Bitget Spot Bot adds MOODENG/USDT

We are pleased to announce that Bitget spot bot has now added: MOODENG/USDT. Reference 1. Spot grid 2. Crash course on Spot Grid Disclaimer Despite high growth potential, cryptocurrencies still face high risks and volatility. You are strongly advised to do your own research as you invest at your ow

Bitget Announcement2024/09/29 02:02