Mining Company; @RIOT $RIOT
Here’s my observation: the mining company might not be able to generate substantial revenue going forward. This is because once the halving occurs, the rewards for each block are halved. Moreover, if they continue mining with their current equipment, it may no longer be profitable unless they increase the hash rate. However, this will incur additional costs for the company. Furthermore, electricity costs are not decreasing, which would add more expenses to the company’s operations.
On the other hand, if the Federal Reserve (FED) remains hawkish, it could instill fear in the entire asset market. While this might not be the biggest factor, the Bitcoin (BTC) halving could trigger a significant rally if liquidity is withdrawn from bonds or becomes cheaper due to a decrease in discount rates.
On the other hand, if the Federal Reserve (FED) remains hawkish, it could instill fear in the entire asset market. While this might not be the biggest factor, the Bitcoin (BTC) halving could trigger a significant rally if liquidity is withdrawn from bonds or becomes cheaper due to a decrease in discount rates.
Note
I just talked about electricity. In fact, Mining has AI enablement in the future. tradingview.com/news/reuters.com,2024:newsml_L4N3H24D9:0-goldman-sachs-sees-power-consumption-surge-across-us-europe-on-ai-boom/
- Check this out!
Note
Mining- Once halve reward is half
- They need to increase the hash rate to maintain reward = capex increased ( electricity + equipement ) + manpower
- AI could change the persepctive above but BTC must remain above 60k else forget about mining.
- it's already written only certain mining would survive after each halving and not all.
Well, this short is short term though
Trade active
80% Exited my holding! Hopefully, there will be a good retracement for us to add back again!Trade active
I am expecting another one round of retracement before BTC moving another mid high. However, don't forget to secure your profit if you taken the shorts. In a long run, we need to see the expecting of hash rate to we are having else they going to lose alot of money if the BTC stays around this price even at 70k.Trade closed: target reached
Please close all your shorts. We shall open a new one in the coming weeks.
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Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.