RATE Group | What the Bitcoin Halving Means for Miners and Prices
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What the Bitcoin Halving Means for Miners and Prices

29 Apr What the Bitcoin Halving Means for Miners and Prices

Posted at 18:25h in Bitcoin News by

Predictions and price models proliferate ahead of Bitcoin’s programmatic halving, expected in less than two weeks.

While some are turning to esoteric economic models to make the claim that the occasion will be bullish for the largest cryptocurrency by market cap, others believe it’ll be a non-event. Still, the halving is already showing real-world effects, with major mining manufacturers slashing prices and small-time investors… investing. (To be fair, these trends could also be attributed to COVID-19-led market distortions.) Here’s the story:

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Halving Predictions: Mining & Price

  • Hut 8, one of the largest publicly listed mining companies, is likely to be affected by the incoming bitcoin halving event. The firm’s profitability has declined over several quarters, its…

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