Miners of bitcoin will soon face a halving of the reward for operating the most popular cryptocurrency, in a pivotal event that is a test of survival, industry commentators say.
Miners of bitcoin will soon face a halving of the reward for operating the most popular cryptocurrency, in a pivotal event that is a test of survival, industry commentators say."The block reward halving tends to 'shake-out' the weaker mining operations," Simon Peters, analyst for trading company eToro, told AFP.
"Unfortunately for some, with the lower block reward received it no longer becomes profitable to mine bitcoin and the operation shuts down or gets acquired by a larger rival."
The Bitcoin mining industry has undergone three distinct eras, said Marathon Digital’s chief growth officer, Adam Swick. The first miners were hobbyists.…
This week I had the pleasure of sitting down with Adam Swick, the Chief Growth Officer at Marathon Digital. On the episode we go deep into the benefits of being an asset light bitcoin miner and how Marathon is taking a portfolio approach to the future in terms of building its own sites. We also have a lot of discussion at the end about their super exciting joint venture in the
Cryptocurrency and crypto mining are growing industries in the state of Texas, but some advocates are raising alarms about the effects of these industries on the state power grid, and on ratepayers.