Post
Topic
Board Mining
Re: The effect of bitcoin halving on bitcoin mining.
by
FP91G
on 30/09/2023, 14:58:08 UTC
miners do stand to benefit from Bitcoin's long-term potential, but the immediate impact of the halving on their income can be challenging. Preparing for the halving involves a combination of financial planning, risk management, and a clear understanding of their own financial goals and operational costs.
Industrial miners cannot mine at a loss for very long. Industrial miners sell a portion of the bitcoins they mine to pay for their expenses, and the miners will only make a profit if they are able to keep the bitcoins. But in Bitcoin mining there is a lot of competition among global mining companies.