Bitcoin ‘Halving’ Will Deal a $10 Billion Blow to Crypto Miners

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For enthusiasts of Bitcoin, a once-every-four-years software update called the “halving” has long been held as one of the keys to propping up its value.

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Bitcoin ‘Halving’ Spurs Exodus of Old US Mining Computers AbroadAbout 6,000 older Bitcoin mining machines in the US will soon be idled and sent to a warehouse in Colorado Springs where they’ll be refreshed and resold to buyers overseas looking to profit from mining in lower-cost environs.
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Bitcoin ‘Halving’ Spurs Exodus of Old US Mining Computers Abroad(Bloomberg) -- About 6,000 older Bitcoin mining machines in the US will soon be idled and sent to a warehouse in Colorado Springs where they’ll be refreshed ...
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Bitcoin entering 'uncharted territory' ahead of halving: PomplianoBitcoin (BTC-USD) prices have retreated from their all-time highs, but they are still higher year-to-date, thanks, in part, to enthusiasm for new spot...
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Source: CryptoAmb - 🏆 22. / 68 Read more »