BTC Taps $50,000
This weekend’s price pump has bled into Monday morning as ETF buyers look to get in on the action. Monday morning bids following a bullish weekend will likely become a common occurrence as the ETFs become increasingly impactful on the Bitcoin price.
Hashprice Crunch
Hashprice has historically dropped in the months leading up to halvings as Bitcoin miners storm to upgrade their fleet (hashpower & efficiency) in preparation for the drop in revenue.
The weakest miners become unprofitable. The strongest miners survive, and feast when the bull market arrives.
This is the epitome of free markets. A natural immune system rewards those who allocate capital efficiently and punishes those who don't.
The time to upgrade your ASICs is now. The latest-generation Bitmain machine, The Antminer S21 (200TH/s, 17.5 J/Th), is available for purchase on the Blockware Marketplace. Click here to check it out!
Transaction fees have reached their lowest level in three months. Moreover, difficulty is set to increase by ~10% this week.
Barring a crazy run-up in the Bitcoin price (which is not out of the picture), the next few months will be turbulent for Bitcoin miners. Enduring this period is critical if you want to benefit during the most profitable period of Bitcoin mining: post-halving bull markets.
Transaction Fee Volatility
It’s important to remember that transaction fees work in an auction-like fashion. Considering only ~4 MB worth of transaction data can be included in Bitcoin blocks (which occur every 10 minutes on average), sudden surges in demand for immediate transaction settlement will result in a surge in TX fees as users attempt to out-bid each other. Just because fees are in a medium-term downtrend does not mean that they cannot reach astronomical levels in the blink of an eye.
Regardless of your opinion on inscriptions, they are here existing as a constant potential catalyst for Bitcoin fees. We haven’t seen the end of high-fee environments. Times like now are good for consolidating UTXOs. Learn more about that here.
Volatility is the only constant in the Bitcoin transaction fee market.
BTC Mining Stocks Surge
Despite the meek short-term outlook for mining revenue (increasing difficulty + block subsidy halving), BTC mining stocks are catching a significant bid alongside spot BTC.
Educated market participants understand that the halving is a bullish event for prepared Bitcoin miners; it forces competition to capitulate and sets the stage for major BTC price appreciation.
Blockware Direct ASIC Pricing with Hosting
For those seeking to purchase ASICs in bulk (with or without hosting), contact sales@blockwaresolutions.com or reach out here.
We can help you secure all of the top ASICs currently on the market; Antminer S21s, S19 XPs, S19k Pros, and Whatsminer M50s.
All machines are new and payment includes tariffs, duties, and shipping.
Contact sales@blockwaresolutions.com or reach out here.
All content is for informational purposes only. This Blockware Intelligence Newsletter is of general nature and does consider or address any individual circumstances and is not investment advice, nor should it be construed in any way as tax, accounting, legal, business, financial or regulatory advice. You should seek independent legal and financial advice, including advice as to tax consequences, before making any investment decision.