RATE Group | Bitmain is betting on Bitcoin Halving pump
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Bitmain is betting on Bitcoin Halving pump

11 Dec Bitmain is betting on Bitcoin Halving pump

Posted at 00:45h in Bitcoin News by

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  • Bitmain has come up with three tactics to restore its fading market dominance.
  • The company is planning to give out a put option to those who make product orders in large quantities.

Bitmain hosted a customer event on Saturday in Chengdu, China, in which Wu appeared on the stage as the first time as CEO and the sole chairman a month after regaining control. He presented a few strategies to restore Bitmain’s fading market dominance. He urged sway miners to stick with Bitmain’s products by having the firm take on the risks related to Bitcoin price volatility, cash flow and electricity costs. 

Bitmain predicts that Bitcoin’s price will surge coming year amid the upcoming halving of mining rewards, which will reduce new supply created with each block of transactions. According to CoinDesk, Bitmain has rolled out three tactics to appeal to mining investors. For instance, users who pre-order 100 to 999 miners can put 50% down, while larger investors buying over…

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