CleanSpark founder Matthew Schultz told reporters in January that after the Bitcoin halving in April 2024, many mining companies will not be able to remain operational. The pools’ reward for mining a block was halved from 6.25 BTC to 3.125 BTC.
Schultz emphasized that after halving, the cost of mining BTC will increase to $62,276.
According to Galaxy Digital forecasts, after the halving, the activity of enterprises mining digital currency may sharply decrease.
The hashrate in this case will fall by about 15-20%, as companies facing financial difficulties will disconnect from the network.
Pools will be forced to turn off costly and less efficient equipment, including Bitmain’s S9, Canaan’s A1066 and MicroBT’s M32.
About half of the MicroBT M20 and Bitmain S17 miners will be in operation after the halving, analysts emphasized.
Companies began to buy new equipment for crypto mining at the end of last year. For example, Riot purchased 66,560 MicroBT miners for $290.5 million.
Another giant Bitfarms recently announced the purchase of 36,000 Bitmain T21 devices.
2024-02-20 05:10:48
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