Cryptoverse: Bitcoin miners make money ahead of 'halving' cyprus-mail.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from cyprus-mail.com Daily Mail and Mail on Sunday newspapers.
Bitcoin miners are making hay while the sun shines. The next halving is expected in April 2024, a process designed to slow the release of bitcoin, whose supply is capped at 21 million - of which 19 million have already been mined. "You're seeing a lot of urgency to plug rigs in ahead of the halving," said Gregory Lewis, analyst at brokerage BTIG that covers the 13 biggest U.S.-listed bitcoin miners.
Bitcoin miners are making hay while
the sun shines. The business has been yanked out of the doldrums by the
cryptocurrency s recent rally - and now mining companies are
racing to lock in.
The business has been yanked out of the doldrums by the cryptocurrency s recent rally - and now mining companies are racing to lock in profits before bitcoin s "halving", when rewards for producing the tokens are cut in half.