Service for copy trading. Our Algo automatically opens and closes trades.
The L2T Algo provides highly profitable signals with minimal risk.
24/7 cryptocurrency trading. While you sleep, we trade.
10 minute setup with substantial advantages. The manual is provided with the purchase.
79% Success rate. Our outcomes will excite you.
Up to 70 trades per month. There are more than 5 pairs available.
Monthly subscriptions begin at £58.
In a recent warning issued by financial firm Cantor Fitzgerald, the impending Bitcoin halving event, slated for April 2024, has sent shockwaves through the Bitcoin mining community.
The halving, a deliberate reduction in the reward for mining a block of bitcoin from 6.25 to 3.125 bitcoins, aims to curtail the supply of bitcoin and enhance its long-term value.
The report’s findings paint a challenging landscape for miners, with only two out of the 13 largest publicly traded Bitcoin miners expected to maintain profitability post-halving, assuming no alterations to their operations or network difficulty.
The analysis hinges on estimating the comprehensive “all-in” cost of producing one bitcoin, incorporating electricity, maintenance, and personnel costs, with a baseline Bitcoin price assumption of at least $40,000.
Argo Blockchain (ARBK) and Hut 8 Mining (HUT) emerge as the most vulnerable miners, facing “all-in” costs exceeding $60,000 per bitcoin. Following closely are Marathon Digital (MARA) and Riot Blockchain (RIOT), with substantial market caps but daunting costs of approximately $50,000 and $44,000 per bitcoin, respectively.
Bitdeer and CleanSpark: The Bitcoin Mining Firms to Come Out Unscathed
Contrastingly, Bitdeer (BTDR) and CleanSpark (CLSK) stand out as the only two miners projected to stay profitable, boasting the lowest “all-in” costs at $17,774 and $36,896 per bitcoin, respectively.
These miners also find themselves in a favorable position to navigate the heightened mining costs post-halving, as indicated by a previous report from January 15.
Cantor Fitzgerald’s report signals a potential shakeup in the mining sector, urging miners to contemplate upgrading their equipment, cutting costs, or potentially exiting the market.
The repercussions of such decisions could reverberate across the Bitcoin network, impacting its security and decentralization, as well as influencing its price and adoption.
As the halving draws near, the cryptocurrency community watches closely, anticipating how miners will adapt to this critical juncture in Bitcoin’s evolution.
Try Out Our Trading Bot Services Today. Get Started Here
- Broker
- Min Deposit
- Score
- Visit Broker
- Award-winning Cryptocurrency trading platform
- $100 minimum deposit,
- FCA & Cysec regulated
- 20% welcome bonus of upto $10,000
- Minimum deposit $100
- Verify your account before the bonus is credited
- Over 100 different financial products
- Invest from as little as $10
- Same-day withdrawal is possible
- Fund Moneta Markets account with a minimum of $250
- Opt in using the form to claim your 50% deposit bonus
