Miners Are Adopting the Same Bitcoin Acquisition Strategy as MicroStrategy: JPMorgan

Quick Summary:

The strategic shift to a bitcoin accumulation model is due to pressure on profitability following the reward halving, the report said.

Crypto miners are also adopting the accumulation strategy.

Hashrate is the total computational power used to mine and process transactions on a proof-of-work blockchain and is a proxy for competition in the industry and mining difficulty.

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Article Details

Author / Journalist: Will Canny

Category: Crypto

Markets: United StatesCubaLaos

Topics: Bitcoin Bitcoin Mining Analysts Markets JPMorgan

Source Website Secure: Yes (HTTPS)

News Sentiment: Negative

Fact Checked: Legitimate

Article Type: News Report

Published On: 2024-12-13 @ 10:31:45 (4 days ago)

News Timezone: GMT -5:00

News Source URL: coindesk.com

Language: English

Article Length: 295 words

Reading Time: 2 minutes read

Sentences: 29 lines

Sentence Length: 11 words per sentence (average)

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

Copyright Owner: © CoinDesk

News ID: 24494956

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Main Topics: Crypto

Official Website: coindesk.com

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