Bitcoin Miners Ramp Up Investment in New Equipment While Shifting to Long-Term Holding Strategy

Quick Summary:

Bitcoin miners are making a substantial push towards purchasing new mining equipment and adopting a long-term holding strategy for their mined Bitcoin (BTC).

According to a recent report by Decrypt, this trend is becoming increasingly pronounced even as mining difficulty rises and transaction fee revenues decrease.

By investing in the latest technology, miners can maintain or improve their profit margins despite rising difficulty levels and decreasing transaction fees.3.

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Article Details

Author / Journalist: Sonam Aggarwal

Category: Crypto

Markets: India

Topics: Bitcoin Miners Latest News

Source Website Secure: Yes (HTTPS)

News Sentiment: Negative

Fact Checked: Legitimate

Article Type: News Report

Published On: 2024-09-12 @ 08:08:33 (15 hours ago)

News Timezone: GMT +8:00

News Source URL: bitcoinworld.co.in

Language: English

Article Length: 652 words

Reading Time: 4 minutes read

Sentences: 33 lines

Sentence Length: 20 words per sentence (average)

Platforms: Desktop Web, Mobile Web, iOS App, Android App

Copyright Owner: © BitcoinWorld

News ID: 22467742

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About BitcoinWorld

Main Topics: Crypto

Official Website: bitcoinworld.co.in

Update Frequency: 32 posts per day

Year Established: 2020

Headquarters: India

News Last Updated: 8 hours ago

Coverage Areas: India

Ownership: Independent Company

Publication Timezone: GMT +8:00

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News Language: English

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Publisher ID: #121

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