Bitcoin miners are F*CKED seriously, if Bitcoin doesn’t go up in price, when the Bitcoin halving happens, most BTC ASIC mining rigs will not be profitable, and depending on your electricity rate Bitcoin mining profitability is already in the dumps compared to last year. Buy this miner instead of a BTC miner!
Over $20m in new Bitcoins are still mined every day, but with the Bitcoin price under $30,000 and a BTC halving cutting the amount of Bitcoins mined per day in half less than a year away the future for Bitcoin miners is looking BAD!
Bitcoin needs to triple in price for the average Bitcoin miners to turn a profit, some major Bitcoin mining farms are very competitive with cheap electricity rates but the game continues to change as the new Bitmain S21 bitcoin miner and Whatsminer M50 and M60s increase ASIC miner efficiency. All I am saying is beware and be aware.
⏰ Video Timestamps ⏰
00:00 This is going to be bad!
00:39 The miners I own
02:28 The Bitcoin halving of 2024
03:52 Situation of big Bitcoin mining farms
05:23 New Bitcoin miner is coming
06:12 How to buy a Bitcoin miner?
07:52 Which Bitcoin miners will survive the halving?
11:05 Bitcoin network hashrate analysis
12:44 My perspective on the Bitcoin halving
15:22 How will the Bitcoin halving affect me?