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Crypto Miners

All articles tagged with #crypto miners

cryptocurrency1 year ago

"Deutsche Bank Predicts Limited Rally After Bitcoin Halving"

Deutsche Bank predicts that the upcoming bitcoin halving event is already partially priced in and does not expect a significant rally in the cryptocurrency's price afterward. The bank anticipates a shift in the geography of crypto mining to countries with lower energy costs due to reduced block rewards. Despite this, the report highlights positive factors such as the launch of spot bitcoin ETFs, the performance of Bitcoin Cash after its halving, and the potential for future spot ether ETF approvals, central bank rate cuts, and regulatory changes to support the cryptocurrency market.

via CoinDesk|
#bitcoin#crypto-miners#cryptocurrency
cryptocurrency1 year ago

"Bitcoin Halving Sparks Race for Epic Sat Worth Millions, Miners Face $10B Revenue Loss"

As Bitcoin's fourth quadrennial "halving" approaches, cryptocurrency mining companies are racing to capture what could be the most valuable data block of all time, potentially worth millions of dollars. The first satoshi to be mined after the halving could theoretically attain a value of $1 million or more on digital collectibles marketplaces, thanks to the Ordinals protocol. This marks the first-ever race for an "epic" sat since the protocol's introduction, with mining firms ramping up operations to maximize their chances of obtaining this highly valuable satoshi. The concept of assigning value to individual satoshis and the potential development of a futures market around rare and epic sats are also being explored.

via CoinDesk|
#bitcoin#bitcoin-halving#crypto-miners
cryptocurrency2 years ago

Bitcoin's Price Soars to $120,000, Surpassing Expectations

Analysts at Standard Chartered predict that Bitcoin could reach $50,000 this year and $120,000 by the end of 2024, citing increased profitability for crypto miners and a halving of bitcoin supply in 2024. The bank previously forecasted a $100,000 price target by the end of next year but now sees a 20% upside to that prediction. The rise in bitcoin's price is expected to be driven by miners stockpiling the digital asset and selling less to manage overhead, reducing net supply and pushing prices higher.

via Fox Business|
#bitcoin#crypto-miners#cryptocurrency