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Bloomberg: This Bitcoin halving may have an impact of about tens of billions of dollars on cryptocurrency miners

Bloomberg: This Bitcoin halving may have an impact of about tens of billions of dollars on cryptocurrency miners

Cointime2024/04/16 00:43
By: Cointime
BTC-0.10%

Bloomberg stated that the next Bitcoin "halving" is expected to occur around April 20th. This will result in a 50% reduction in the amount of Bitcoin that miners can earn through verifying transactions each day. The upcoming Bitcoin halving could cause a loss of billions of dollars for cryptocurrency miners. In addition, competition for discounted electricity among artificial intelligence companies is becoming increasingly fierce, which will also lead to a decrease in revenue for Bitcoin mining companies after costs soar.

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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