🔔 Today's #KuCoinMarketWatch updates (Jul 8, 2024) 🔽 🇩🇪 #German govt wallet outflows 13,466 BTC since June 19; holds 39,826 BTC ⛏️ #Bitcoin mining difficulty drops 5.62%, the largest since May ⛽ #Ethereum gas fees drop to 2 gwei; Bitcoin fees to 6 satoshis/byte More news ⤵️
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Sundays are to learn 👇🏻 What is Bitcoin halving? Every 4 years, "Bitcoin halving" occurs. The last halving occurred in 2020, when the reward for mining bitcoin was slashed in half from 12.5 to 6.25. In 2024, that will happen again, cutting the mining reward from 6.25 to 3.125. With fewer Bitcoins entering the market, possible scarcity could drive up the price. Go trade
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Jumping in here for a trade. Wish me luck! With bitcoin nearing all time highs, miners are making more EBITDA. Gryphon Digital Mining (NASDAQ:GRYP) EBITDA will move to the right as bitcoin prices move higher as per a table in their presentation below. Based on HCW’s research where EV/EBITDA multiples average 16.6x, at $70k BTC, Gryphon would be worth ~$385M ($17.7M + $6M) x 16.6 - $7.1M or nearly $10/share. Gryphon is currently trading around $2.70/share.
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The fourth #Bitcoin halving will take place in April 2024; by that time, 97% of all possible Bitcoins will have been mined. Mining of the remaining 3% will take another century, and the appearance of new coins every 4 years will decrease over and over again. Deflation in its purest form.
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Bitcoin Mining Hash Market: 1.) selling hash forward is a great way for miners to hedge their production. 2.) please let me know if anyone has interest or questions regarding hash. As more and more players trade this product spreads will tighten, size will grow and we can move further out in tenor 3.) January Hash Contract $64/70.5. Buyer of 50/PH #bitcoin #bitcoinmining
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📈 The Valkyrie #Bitcoin Miner ETF (WGMI) has bounced on the 50 DMA 👀 and is trying to break above the golden pocket retracement fib formed after its launch in February 2022. Follow Bitcoin Magazine Pro™ for more insights. Read our weekly Bitcoin Mining ⛏️ update here ⬇️ https://lnkd.in/eeHnjrt2
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Only 10 days and 1156 blocks left until the 4th Bitcoin Halving! 🌓 In just 10 days, Bitcoin mining rewards will decrease by 50% to 3.125 BTC per mining block ⛓ You now have 8 days and approximately ~1200 blocks to submit your prediction for the price of Bitcoin at its halving, expected at block 840,000. Submit your prediction here 👉 https://lnkd.in/deZzdN-U #Bitcoin #Halving #Giveaway
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The idea that capital put into #Bitcoin mining rigs is a 'sunk cost' is not true.⛏️ The correlation between the price of Bitcoin and the price of a new-generation ASIC miner is ~0.96 For every 1% increase in the price of BTC, ASIC prices increase by ~0.96%. So in effect, buying ASICs allows you to capitalize on the upside of a Bitcoin bull market in two ways: 1. Price appreciation on your ASIC 2. Higher mining profit margins To find out how you can start mining Bitcoin, email sales@blockwaresolutions.com
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Co-founder | Leading ASIC Miner Supplier | Sharing Expertise in Bitcoin Mining | Empowering Others to Embark on Their Bitcoin Mining Journey 💡
Bitcoin halving in 2024 will likely lead to a bull market. If you've been on the fence about diving into Bitcoin mining, now is the perfect moment to take the plunge. Why? Because mining before a bull market can set you up for maximum profitability. As the price of Bitcoin rises, so does the value of the rewards you'll earn through mining. But that's not all. A higher BTC price also means increased demand for mining equipment, which can drive up costs. By starting now, you'll secure your setup at today's prices and be fully operational when the bull market kicks in. Don't miss out on this golden opportunity to maximize your crypto gains. Start your Bitcoin mining journey today and be ready to ride the wave of the upcoming bull market! 🚀📈 #BitcoinMining #CryptoBullMarket #InvestInYourFuture
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1wI agree!