Will the Bitcoin mining industry collapse? Analysts explain why crisis is rea...
Many BTC miners are in a tough spot and a few could collapse, but experts say the industry is here to stay. Bitcoin mining involves a delicate balance between multiple moving parts. Miners already have to face capital and operational costs, unexpected repairs, product shipping delays and unexpected regulation that can vary from country to country — and in the case of the United States, from state to state. On top of that, they also had to contend with Bitcoin’s precipitous drop from $69,000 to $17,600. Despite BTC price being 65% down from its all-time high, the general consensus among....
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Better luck next time? Luxor’s OTC Bitcoin mining derivatives could offer miners “a much needed tool to hedge their mining operations.” Hedging against downside has always been a challenge for Bitcoin BTC miners, and the current bear market is a perfect example of how energy prices and crypto market volatility can negatively impact miners’ profit margins and their ability to stay solvent. Oftentimes, institutional and retail traders use BTC-, stablecoin- and U.S. dollar-settled derivatives (options and futures contracts) to create hedging strategies that mitigate downside in Bitcoin price,....
If you pay any attention to the financial blogosphere you might have noticed talk of an impending economic collapse coming to the US and world this Fall. The Economic Collapse Blog issued a "Red Alert" for the last six months of 2015, for instance. In early 2015, The Economic Collapse Blog's Michael Snyder wrote a piece entitled, "The Shemitah: The Biblical Pattern Which Indicates That A Financial Collapse May Be Coming In 2015." He, like many of the internet analysts predicting an economic collapse around the end of 2015, cite something called the Shemitah Calendar as a reason for their....
After bitcoin's price hit its previous all-time high in 2017, it fell. Analysts explain why the latest rally will be different.
The crypto mining crisis in Abkhazia is closely reaching its boiling point following the burnout of a power substation amid the refusal of both illegal and legal crypto miners to slow down their operations in the state. Crypto Mining Crisis Abkhazia Keeps Worsening Sputnik Abkhazia has reported that an incident happened over the weekend, specifically on December 5, 2020, as distribution lines and power cells were affected by the overheating of the Sukhum-1 substation. The situation forced them to call out experts from all the branches of the energy provider Chernomorenergo to work....