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| 1. | | parent_author | "" |
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| parent_permlink | cryptocurrency |
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| author | lupafilotaxia |
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| permlink | mining-companies-expect-bitcoin-halving-to-reduce-profitability |
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| title | "Mining companies expect bitcoin halving to reduce profitability" |
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| body | "<p></p>
<center><img src="https://i.postimg.cc/4N3BtQQY/HAS21324.jpg"/></center>
<p></p>
<div class="text-justify">I wanted to share an interesting article on how bitcoin halving will be a litmus test for inefficient operations written by cointelegraph columnist Gareth Jenkinson, where he outlines some points that merit analysis and investment considerations. </div>
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<div class="text-justify">In perspective Jenkinson considers that, "Bitcoin halving will likely wreak havoc on smaller, less efficient Bitcoin miners, but should not be a problem for established players, according to industry executives." </div>
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<div class="text-justify">Indeed, "In less than a month, Bitcoin miners face the reality of reduced block rewards, which is anticipated to significantly impact profitability and revenue"</div>
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<div class="text-justify">According to Greg Beard (CEO of Stronghold Digital Mining), "previous halvings forced mining companies to adapt to lower margin environments. As profitability margins shrink." </div>
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<div class="text-justify">It is to be noted that, "Bitcoin halving is built into the code of the blockchain. Every 210,000 blocks mined, which takes an average of four years, sees the block reward paid to miners halved"</div>
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<div class="text-justify">One element to keep in mind, is that according to Beard "The recent approval of ETFs supports the recent increase in Bitcoin's price and has deepened the existing imbalance between supply and demand, so miners who can keep costs low are poised to gain from halving as Bitcoin's price rises." </div>
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<center><img src="https://i.postimg.cc/rF5YhtDV/Banner-Fuente-consultada-I.png"/></center>
<div class="text-justify"><h3>SOURCES CONSULTED</h3></div>
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<div class="text-justify"><strong> Cointelegraph. </strong> Bitcoin halving will be a litmus test for inefficient ops: Mining execs. <a href="https://cointelegraph.com/news/bitcoin-halving-will-test-inefficient-crypto-miners-ceos-say" rel="noopener" title="This link will take you away from steemit.com"> Link </a></div>
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<center><img src="https://i.postimg.cc/rF5YhtDV/Banner-Fuente-consultada-I.png"/></center>
<div class="text-justify"><h3>OBSERVATION:</h3></div>
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<div class="text-justify"> The cover image does not belong to the author: @lupafilotaxia, the image was taken from: <a href="https://cointelegraph.com/news/bitcoin-halving-will-test-inefficient-crypto-miners-ceos-say" rel="noopener" title="This link will take you away from steemit.com"> Cointelegraph </a></div>
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<center><img src="https://i.postimg.cc/0Q6V76gq/Banner-Fuente-consultada-II.png"/></center>
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<center><img src="https://i.postimg.cc/t4gH0T3K/Banner-Scientific-Content-Blogger.png"/></center>
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| 1. | | author | lupafilotaxia |
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