RATE Group | Bitmain to slash personnel ahead of Bitcoin’s halving
74265
post-template-default,single,single-post,postid-74265,single-format-standard,ajax_fade,page_not_loaded,,qode_grid_1300,side_area_uncovered_from_content,footer_responsive_adv,qode-content-sidebar-responsive,qode-child-theme-ver-1.0.0,qode-theme-ver-13.3,qode-theme-bridge,wpb-js-composer js-comp-ver-7.9,vc_responsive
 

Bitmain to slash personnel ahead of Bitcoin’s halving

02 Jan Bitmain to slash personnel ahead of Bitcoin’s halving

Posted at 11:08h in Bitcoin News by

[ad_1]

  • Bitmain gets ready for a stressful event by streamlining its operations.
  • BTC/USD may be less inclined to grow after the halving.
  • Currently, the first cryptocurrency has stuck above $7,000.

One of the world’s largest manufactures of Bitcoin mining equipment launched a personnel optimization program. The heads of all departments are supposed to prepare their optimization lists by the annual meeting on January 17. 

According to the insiders, Bitmain does not have any financial problems at this stage, while a personnel reduction is an attempt to get ready for Bitcoin’s halving scheduled in May 2020.

The reduction of miners’ remuneration will become a hit for the mining industry; thus, the companies should prepare for the stressful event and streamline their operations while focusing on maintaining the leading edge in technology. Therefore, Bitmain is likely to keep personnel in the mining business and concentrate optimization efforts on AI (artificial…

[ad_2]

Source link

Tags:
, , , , ,