CCT - Crypto Currency Tracker logo CCT - Crypto Currency Tracker logo
coinpedia 2023-10-11 11:18:55

Bitcoin Mining Costs Soar as Analyst Warns of Pressure Ahead

The post Bitcoin Mining Costs Soar as Analyst Warns of Pressure Ahead appeared first on Coinpedia Fintech News The Prominent analyst, James V. Straten, has warned about the rising costs of mining Bitcoin. With an upcoming halving event expected in April, he suggests that miners could be under significant pressure if Bitcoin’s price stays below roughly $40,000 next year. Bitcoin Mining Expenses Reached $24,000 as Halving Nears In a recent tweet, James V. …

Read the Disclaimer : All content provided herein our website, hyperlinked sites, associated applications, forums, blogs, social media accounts and other platforms (“Site”) is for your general information only, procured from third party sources. We make no warranties of any kind in relation to our content, including but not limited to accuracy and updatedness. No part of the content that we provide constitutes financial advice, legal advice or any other form of advice meant for your specific reliance for any purpose. Any use or reliance on our content is solely at your own risk and discretion. You should conduct your own research, review, analyse and verify our content before relying on them. Trading is a highly risky activity that can lead to major losses, please therefore consult your financial advisor before making any decision. No content on our Site is meant to be a solicitation or offer.