The Halving....R.I.P April 19th, 2024As the Halving is upon us, this halving cyle will be a little different than previous ones. Why? Because it will reduce block rewardsfor miners to almost nothing AND will make the process of getting those rewards10X more difficult and 5X more costly. The message here? Only the STRONG, PREPARED & most EFFICIENT miners with good BS will survive!
This Halving cycle my friends, will basically put small industrial scale mining "Out-Of-Business"! Beacuse it won't be profitable for them to stay in operation & survive as it was in the distant past. Just as small industrial scale mining started putting residential/home/individual mining out of business in 2016, this time around, it's those very same smallish industrial miners who are being put out of business by their much larger peers. Massive super scaled miners the likes of Marathon, Cleanspark, Core & a few others. These MEGA miners are scaled up to insane levels that if the smaller miners don't have certain minimum "required criteria" .....they will go out of business very quickly.......eventually!
So with this said, i will RE-iterate what i've mentioned a few times in the past, and list once more, one FINAL time, the list of miners who failed to achieve this minmum rquirement for survival post the Halving of 2024. Or those with serious issues which will prevent them from being viable past 2024. So for those in doubt & asking the question, "What are those miimum requirements to survive post Halving" ? Imo, this is what will be required by EVERY miner beyond April 2024 in order to JUST survive.... let alone be profitable.
MINIMUM REUIREMENTS:
1 - At least 5Exhash of processing hashing power.......To survive.
2 - Energy costs of less than 5 cents US per kw/h...........To survive
3 - A substantial mining fleet of miners with 150Th or greater. Anything less will not be viable.
Any miner not conforming to these 3 basic minimum requirements WILL BE DOA post April 19 in 2024. And those miners who DON'T make the cut are listed below.
Argo Blockchain
DMG Blochchain
Gryphon Mining
Digihost Tech.
Bit Digital
Stronghold Digital
AGM Group
Neptune Digital
Greenridge Generation
Sato Technologies
Sphere 3D
Mawson
Catherdra Bitcoin***
Soluna Holdings
Intergrated Ventures
***Though Cathedra Bitcoin has been on my lists of miners to AVOID for some time now. The company was recently acquired by larger miner and trading hasbeen halted until the deal is finalized. So while it remains to be seen if this NEW entity qualifies as a miner that will surive or not post April 2024, i wouldn't be a buyer of Cathedra when it re-opens for trading UNTIL more details are known.
In addition, i've also removed a few VERY obscure & VERY miniscule miners who have either shutdown completely & discontinued operations and are just basically shell companies now with NO active businesses. If you have ANY of these GTHO ASAP.... And these are the following....
BlockQuarry
CryptoStar
MGT Capital
Luxxfolio Holdings
So the message here my friends is the following. IF you have ANY of the miners listed above, imo, you should dump them ASAP (you really should have sold them LONG ago ....but just incase you were ignorant/stubborn) before their precarious situation gets much worse and put the proceeds into a viable miner......For which i've also provide a list ....for anyone interested. Anyone else thinking of getting exposure into the BTC mining sector, you should definitely NOT consider buying ANY of those miners i've listed above
GLTA