Bitget App
Trade smarter
Buy cryptoMarketsTradeFuturesStocksEarnInstitutionAI & More
Securities Times: Bitcoin's official halving accelerates the internal strife among miners

Securities Times: Bitcoin's official halving accelerates the internal strife among miners

2024/04/20 02:05

According to an analysis by the Securities Times, Bitcoin's official halving has accelerated the internal strife among miners. It is understood that because there is a cap on the amount of Bitcoin produced within a certain period of time, in other words, the more computing power a miner has, the larger their share of rewards. Marathon Digital Holdings, CleanSpark and other miners compete for fixed Bitcoin rewards by using supercomputers to solve mathematical problems. They have invested in new equipment this year and sought to acquire smaller competitors in an attempt to mitigate the impact of declining revenues.

0
0

Disclaimer: The content of this article solely reflects the author's opinion and does not represent the platform in any capacity. This article is not intended to serve as a reference for making investment decisions.

Understand the market, then trade.
Bitget offers one-stop trading for cryptocurrencies, stocks, and gold.
Trade now!

You may also like

Goldman Sachs dramatically lowers KOSPI target from 12,000 to 9,000 points, still insists there is 60% upside potential

Goldman Sachs strategists have lowered their 12-month target for South Korea's KOSPI Index from 12,000 points to 9,000 points, representing a 25% decrease. Earlier this year, Goldman had raised the target multiple times. The latest downgrade is due to mounting concerns in the market over artificial intelligence (AI) trading.

智通财经•2026/10/25 10:51
Goldman Sachs dramatically lowers KOSPI target from 12,000 to 9,000 points, still insists there is 60% upside potential