Is Riot Blockchain a No-Brainer Buy After the Bitcoin Halving?
Riot Platforms(RIOT) The Motley Fool·2024-06-15 12:53
Halving events put a ton of pressure on inefficient crypto miners. Many people and companies generating Bitcoin data blocks with low-power hardware or high electricity costs get forced out of business in each fouryear halving cycle. When these failed mining experts step out, the high-efficiency miners that remain will get their hands on a larger percentage of the total rewards. "When those higher-cost producers fall off, [mining] difficulty adjusts and then that widens the margin again as we're mining more ...