1/🧵
Possibly the halving of Bitcoin has been a long-awaited event in recent times. Now the doubt lies in how it will affect the mining industry, especially small mining investors.
1/🧵
Possibly the halving of Bitcoin has been a long-awaited event in recent times. Now the doubt lies in how it will affect the mining industry, especially small mining investors.
2/🧵
It is likely that once the halving happens, the price will tend to rise due to the fact that there will be a higher demand for BTC because it becomes more scarce, as the halving reduces mining rewards by half.
Here is a potential drawback, and that is that the value of the equipment could go up as well as the electricity consumption of the equipment. The mining power should be higher, and ultimately, everything becomes a financial problem.
3/🧵
Here I invite you to read the article I wrote where I talk about this and much more. Come in and read it!
https://inleo.io/@vikvitnik/marathon-digital-ceo-warns-of-financial-stress-to-small-miners-after-bitcoin-halving