Bitcoin miner on the halving: 'Good things ahead' for the crypto

The bitcoin halving event (BTC-USD) is approaching, likely to occur over this weekend and decrease the reward for bitcoin mining operators. Could the crypto asset stand to face even more pricing pressures from the halving since falling off from its all-time high? How will miners react to steepening profit margins?
CleanSpark CEO Zach Bradford (CLSK) joins Yahoo Finance to give insight into the bitcoin halving and what crypto traders can expect from bitcoin prices, crypto mining, and the larger cryptocurrency landscape.
Bradford talks on how he envisions CleanSpark's operating margins post-halving:
"Although we will go from about 900 new bitcoin a day being produced to 450. What that means is the efficient miners who have good solid margins will continue to have margins that are very healthy, but miners that were maybe smaller, didn't have scale, or were inefficient when it comes to their energy usage therefore their costs are higher, they won't be able to keep running their machines and as a result there will be less participants taking a piece of the pie. And therefore the large miner, our piece of the pie should get bigger after halving. We think to the tune of 10, 15, or even 20%."
#youtube #news #bitcoin
About Yahoo Finance:

Yahoo Finance provides free stock ticker data, up-to-date news, portfolio management resources, comprehensive market data, advanced tools, and more information to help you manage your financial life.

- Get the latest news and data at finance.yahoo.com

- Download the Yahoo Finance app on Apple (https://apple.co/3Rten0R) or Android (https://bit.ly/3t8UnXO)

- Follow Yahoo Finance on social:

X: http://twitter.com/YahooFinance
Instagram: https://www.instagram.com/yahoofinance/?hl=en
TikTok: https://www.tiktok.com/@yahoofinance?lang=en
Facebook: https://www.facebook.com/yahoofinance/
LinkedIn: https://www.linkedin.com/company/yahoo-finance

Видео Bitcoin miner on the halving: 'Good things ahead' for the crypto канала Yahoo Finance