Summary
Bitcoin halving is seen as a bullish event, but it’s designed to make mining less profitable. Public mining firms are preparing for the halving by focusing on efficiency and strategic investments. Foundry predicts that profitable home mining may cease to exist after the halving, but others believe there are still opportunities for making money with the right configurations. Overall, miners remain bullish on the halving in the long term due to the potential for Bitcoin price increases.
Key Points
1. Bitcoin miners are preparing for the halving event by investing in new-generation mining machines and experimenting with aftermarket firmware to optimize their operations.
2. Public Bitcoin mining firms like CleanSpark, Riot Platforms, and IREN are well-positioned to remain profitable after the halving due to their efficiency in operations, low power costs, and strategic investments in energy supply chains.
3. While large corporate miners are expected to thrive post-halving, at-home and independent miners may find it increasingly challenging to remain viable due to the widening gap in operational efficiency and cost-effectiveness compared to institutional players.