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Fidelity Digital Assets Warns Bitcoin Miners to Maintain Hashrate and Energy Post-Halving

Fidelity Digital Assets Warns Bitcoin Miners to Maintain Hashrate and Energy Post-Halving

Cointime2024/03/05 08:58
By: Cointime
BTC+0.20%

According to a report by Fidelity Digital Assets, miners must prepare for the quadrennial reward halving event, which cuts their bitcoin earned by 50%, in order to avoid bankruptcy. They need to maintain their existing hashrate, energy, and real estate while competing with the rest of the network. The months after halving are the most difficult, as bitcoin "plays catch-up to the immediate pay cut," and miners need capital reserves to offset the drop in revenue. However, the mining sector has historically recovered after previous halvings, demonstrating the resilience of the network and the industry.

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.
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