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Smaller bitcoin miners likely won't survive after the halving
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Quick Take
- The upcoming bitcoin halving puts smaller, less prepared miners at risk of going out of business, market participants tell The Block
- Chun Wang, co-founder and managing partner of F2Pool, said: “Often, larger farms have better economies of scale and therefore are able to survive reductions in the mining reward or price volatility.”
Smaller bitcoin miners will likely close their doors after the reward halving results in a drop in income, market participants tell The Block.
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