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coinpedia 2023-10-11 11:18:55

Bitcoin Mining Costs Soar as Analyst Warns of Pressure Ahead

The post Bitcoin Mining Costs Soar as Analyst Warns of Pressure Ahead appeared first on Coinpedia Fintech News The Prominent analyst, James V. Straten, has warned about the rising costs of mining Bitcoin. With an upcoming halving event expected in April, he suggests that miners could be under significant pressure if Bitcoin’s price stays below roughly $40,000 next year. Bitcoin Mining Expenses Reached $24,000 as Halving Nears In a recent tweet, James V. …

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