Mining
The Future of Bitcoin Mining
The Future of Bitcoin Mining
#Future #Bitcoin #Mining
“Bitfarms”
Ahead of April’s planned Bitcoin halving, Bitfarms CEO Geoff Morphy shares why he thinks the crypto rally will continue, plus why you’ll see a broader adoption of clean energy for mining.
source
To see the full content, share this page by clicking one of the buttons below |
Well it didn't go up 3X BTC today .. btc up 5% bitfarms down 10%
GREAT video. Exciting times, for sure. Long BITF.
Loved what he said about it going up 3x for every 1x move up that Bitcoin makes!
Sounds like a great investment to me!
BTC around 150,000 would mean BITF around 27. That would be AWESOME!
Bitcoin is on its way to breaking records, getting closer to hitting new high prices, showing that it's gaining more value and could go even higher than we've seen before. This could mean great things for people looking to invest, suggesting now might be a good time to get involved before it jumps even higher. It's an exciting moment that could change the game in general…managed to grow a nest egg of around 2.3Bitcoin to a decent 17Bitcoin….At the heart of this evolution is Pennie Thorne, whose deep understanding of both cryptocurrency and traditional trading has been instrumental. Her holistic approach to investment and commitment to staying abreast of market trends make her an invaluable ally in navigating this new era in cryptocurrency investment..
To the guy who is asking if btc halving will eventually make it too expensive to mine btc:
a) the price of btc increases to match the increase in costs. In bitfarms case the breakeven all in cost is about $27K. It will need btc at $61k AFTER the halving.
b) Transaction fee increases as more btc used in transactions
c) the usage of the network for other income streams. AI will require data centers of immense proportions and mny miners are already using some of their network in this area. Iris last week signed a contract to act as a data center. Google miners to see which are already doing this.
There are a few more items I can mention but you get the idea.
I've been accumulating more top coins like ADA, DOT, ILV. But my biggest allocation is Invixus, which is my largest alts bag so far.
Invixus offers a win-win situation for both merchants and customers. It's rare to see a project that benefits all stakeholders involved.
I own lots of Bitfarms. Momentum is coming in for this company. Great interview.
Well positioned company heading into the bull market
What will happen to the miners when the mechanics of the mining doesn't create enuf economic value to sustain operating…hmm it seems doomed to me, especially for the small guys.
Bitfarms should snap up barely breathing Luxxfolio project for pennies on the dollar and build it out.
LUXXFOLIO’s Vision is to expand its digital asset platform and offer investors low-cost exposure to crypto currency mining & other crypto related revenue streams. We own a 15 MW mining Capacity operation in New Mexico, with access to inexpensive & flexible Power through an Exclusive Partnership with the Navajo Tribal Utility Authority (NTUA), New Mexico. The Company is targeting Bitcoin production capabilities to be in excess of 300 Petahashes (PH) per second based on current miner deliveries with the ability to expand substantially based on new generation miner availability.
When will BITF make its big price move?