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Bitcoin mining is becoming harder — which means miners will have to spend more to receive fewer rewards. But there are still ways to be profitable. Only seven months remain before the next Bitcoin (BTC) halving in April 2024. It happens approximately every four years and is a deflationary process that cuts the production of new coins by 50%. Bitcoin's halving is a high-profile event for crypto investors, and has historically led to an increase in Bitcoin's price. However, its impact on the mining industry is a more complex issue. It reduces block rewards,  one of the primary revenue streams for miners. The 2024 halving will reduce it from 6.25 BTC to 3.125 BTC. That’s why miners must adapt their strategies to compensate for the reduced rewards resulting from the halving. Let’s explore the strategies and alternative income sources that may help Bitcoin miners amid hostile market conditions. Changing mindsets Bitcoin mining involves a competitive process where miners vie for ...

Canaan vice president Davis Hui believes a supply deficit following the next Bitcoin halving will drive its price past $100,000. Executives from prominent mining and manufacturing firms believe market forces resulting from the fourth Bitcoin halving scheduled in 2024 could force the price of Bitcoin (BTC) past $100,000. Magazine editor Andrew Fenton spoke to Canaan vice president Davis Hui following a panel discussion at Canaan’s Avalon Bitcoin and Crypto Day (ABCD) in Singapore. Hui and a panel that included Bitcoin mining ecosystem executives from Singapore, Kazakhstan and the United Arab Emirates all offered BTC price predictions around $100,000 in 2024 resulting from the effects of the latest Bitcoin mining reward halving . Related: Bitcoin all-time high in 2025? BTC price idea reveals ‘bull run launch’ Hui told Cointelegraph that the supply of Bitcoin would be drastically reduced with the reward halving down to 6.25 BTC per block, while traditional finance institutions are sh...

Filbfilb analyzes Bitcoin’s halving pattern to predict an explosive Q4 for BTC price action. The familiar Bitcoin halving cycle has turned heads again, hinting at a significant shift in BTC price behavior as the final quarter of 2023 approaches. With industry experts closely monitoring the trend, many smart investors are taking advantage of the situation, positioning themselves for a notable surge in value. Bitcoin’s price seems destined to remain rangebound until at least the fourth quarter of 2023, a prediction made by Filbfilb, an esteemed market analyst and co-founder of the crypto analytics platform Decentrader. As revealed in a thread on X (previously known as Twitter), Filbfilb advised his followers that they should brace for stagnation in BTC price leading into the year’s end. This advice comes despite a bullish 70% gain for Bitcoin in Q1. The Macro backdrop is obviously much different this cycle to that of prior cycles, but nevertheless, let's look at th...

This week’s episode of Market Talks discusses the future of BTC mining and how miners can maximize profits, as well as the upcoming Bitcoin halving and its impact on the mining industry. On the latest episode of Cointelegraph’s Market Talks , host Ray Salmond spoke with Dan Rosen, associate director of derivatives at Luxor, a United States-based Bitcoin (BTC) mining pool, research hub and service provider. The show touched on a number of broad topics, including Rosen’s view on how the upcoming Bitcoin halving will impact BTC price, why Bitcoin’s volatility is set to remain in the double-digits for years to come, and miners’ ability to hedge their operations via hash rate derivatives. According to Rosen: “Any maturing asset goes through experiences of high volatility when it first launches, and if you compare Bitcoin to the tech stocks of the early 90s, like Apple and Google, their volatility was astronomical. Bitcoin has also touched crazy high levels of volatility in the 70% to 100...