Through It All, the Bitcoin Mining Industry Looks Set for Growth

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Will bitcoin miners survive the halving? 'They survived the drawdown to [$16,000], so sure they can,' cazenove_uk says. gckaloudis takes a look at how the prospects for the industry remain bright for MiningWeek, presented by FoundryServices:

, thinks mining companies are going to be just fine. When asked in an interview if miners will survive the halving, he told CoinDesk “they survived the drawdown to [$16,000], so sure they can.”

Power’s latter point is that miners won’t lose out on revenue if the block subsidy halves and the U.S. dollar price of bitcoin keeps going up.

 

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