Are Bitcoin Miners Doomed? Matrixport Warns of Unprofitable Machines – 255

So Bitcoin miners are probably selling Their output at the 28 000 level says Matrix Port miners are being forced to Liquidate any new Bitcoin mined as Margins have narrowed in recent weeks The report said Bitcoin is experiencing selling pressure At the 28 000 price level and miners may Be responsible Crypto services provider Matrix Port Said in a report Friday Matrix report Said it suspects that Bitcoin miners are Being forced to liquidate any new Inventory produced because profit Margins have been compressed in recent Weeks the report said mining has become Very competitive and often unprofitable Due to the continuous increase in Bitcoin minor difficulty the report Added mining difficulty the measure of How easily miners can discover a new Block of Bitcoin hit an all-time high Earlier this week quote at the current Input cost and potential output Revenue Expectations most of the machines Produced before 2022 appear to be Unprofitable end quote wrote Marcus Thielen head of research this is also Why here recently you've started to see The s19s which is what they're referring Here to or by and large right Um Start to hit the market at extremely low Cost right if you're buying in bulk you

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Can get them really really really cheap We're starting to get closer to that 10 Per Terra hash mark in the bulk range And even when we start to look at the Single unit prices we're starting to see Lower and lower prices not quite like Crazy I think the best that I've seen is Somewhere between 15 to 18 dollars per Terra hash if you're just buying a Single unit this means miners are forced To sell their inventory at current level Instead of holding on until prices Increase as Matrix posts foresees the Note said there is now significant Upside convexity for minors as Profitability could increase fourfold if Bitcoin price increased by 10 percent Plus the note added today's sponsor is BT miners BT miners has been a long time Sponsor of the channel and a proven Reliable source for async miners if You're looking to purchase Asics Hardware from Bitcoin to Dogecoin miners They are available for purchase on BT miners is a trusted Source by both and follow the affiliate Link in the description and tell them so Sent you to support the channel And this is where like if I'm looking at My strategy here recently you guys saw That I purchased a bunch of Bitcoin Miners I did purchase them uh in that Minimum order quantity of 10 or more

Because at that point you can get that Closer to ten dollars per Terra hash and This is going to be extremely important The this is going to put you in that Position where you're sitting on the Machines but the price of Bitcoin as it Gets closer to the having hopefully Begins to recover and then you could see A four-fold increase of your mining Profitability potentially right and that That's all going to be you know up in The air and depending on the amount of Power you or the price of power that you Have what you can negotiate there Etc so Negotiation of power as always going to Be the most important thing competing Within Bitcoin though also picking up The units at a price that's extremely Cheap Um if you want to check out more on my Strategy surrounding mining in general And how it works with the having Schedule please check out some of and I have an e-course up There that goes into depth on it a Little bit more all of it is shared on The channel as well I don't hide Anything there but it's all in one place Over there so it just makes it easier Thanks for checking out this clip from The crypto mining show you can check out The full episode here or more crypto Content down here also I'd like you to Check out my locals page at son of a where you can become a Member for free or choose to be a five Dollar a month supporter that unlocks Additional content

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