Happycoin.club – The staff of the investment company VanEck advised Bitcoin miners to sell hashrate to developers of artificial intelligence (AI) and companies that perform high-performance computing (HPC).
VanEck experts believe that there is a risk that cryptocurrency mining enterprises will become unprofitable due to rising operating costs due to the increasing difficulty in mining digital assets and the fall in the BTC rate. To reduce this risk and increase the financial stability of the organization, experts recommend giving part of the computing power of the equipment to institutions working in the AI and ERW markets.
According to VanEck, five mining companies are already selling hashrate for high-performance computing. Over the past year, only two (40%) of these companies (Bit Digital and Hut 8) made a profit. And among the seven organizations that did not allocate hashrate for these reasons, three enterprises (43%) profited. That is, although entering the ERW market has not increased the likelihood of making a profit.
Signs of companies that mine bitcoins
However, the situation could change in the future. If the rate increases significantly, institutions that have not diversified their business will benefit, and if the price of the coin falls, companies that collaborate with companies from the AI and ERW industry will benefit. VanEck experts are betting on the second result, because, in their opinion, by 2027, by selling 20% of the hashrate, miners will be able to start earning additional profits of $13.9 billion per year.
Normally, Bitcoin miners’ balance sheets become negative. [при убыточности] due to excessive debt, issuing excessive dividends, inflated executive pay, or a combination of these factors, VanEck employees said.
2024-08-18 14:11:00
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