Boost

2024

Bitcoin

Read

<ul class="wp-block-list news-points">
 <li>Miner revenue drops after halving but typically recovers as Bitcoin’s price rises.</li>
 <li>Price increases and transaction fees now significantly affect miners’ profitability.</li>
 <li>Mining efficiency is key as rewards shrink, making price stagnation a risk.</li>
</ul>
Bitcoin’s stock-to-flow (S2F) model creator, PlanB, is highlighting the challenges miners face after the most recent halving. He suggests a significant price increase, possibly doubling Bitcoin’s current value, may be needed to ignite the next bull market.
<figure class="wp-block-embed is-type-rich is-provider-twitter wp-block-embed-twitter">
 <div class="wp-block-embed__wrapper">
 <blockquote class="twitter-tweet" data-width="550" data-dnt="true">
 Miners are still struggling with the aftermath of the halving. We need 2x current BTC price to kick-start the bull pump. <a href="https://t.co/TmJEyI8L2d" target="_blank" rel="noopener noreferrer nofollow">pic.twitter.com/TmJEyI8L2d</a>— PlanB (@100trillionUSD) <a href="https://twitter.com/100trillionUSD/status/1835376457754804481?ref_src=twsrc%5Etfw" target="_blank" rel="noopener noreferrer nofollow">September 15, 2024</a>
 </blockquote>
 <script async src="https://platform.twitter.com/widgets.js" charset="utf-8"></script>
 </div>
</figure>
<a href="https://coinedition.com/bitcoin-halvings-delayed-impact-bull-run-in-q4/" rel="noopener noreferrer nofollow">Bitcoin’s halving</a> events occurring roughly every four years, reduce block rewards for miners. The impact on revenue isn’t immediate but unfolds over time as Bitcoin’s price and transaction fees adjust to compensate for the reduced rewards.
Read also: <a href="https://coinedition.com/bitcoin-halvings-delayed-impact-bull-run-in-q4/" rel="noopener noreferrer nofollow">Bitcoin Halving’s Delayed Impact: Bull Run in Q4?</a>
PlanB posted a monthly miner revenue chart illustrating how revenue fluctuates in the months leading up to and following halvings. Red indicates periods closer to the…
The post <a href="https://coinedition.com/bitcoin-price-needs-to-double-to-boost-miner-revenue-says-planb/" rel="noopener noreferrer nofollow">Bitcoin Price Needs to Double to Boost Miner Revenue, Says PlanB</a> appeared first on <a href="https://coinedition.com" rel="noopener noreferrer nofollow">Coin Edition</a>.

Bitcoin Price Needs to Double to Boost Miner Revenue, Says PlanB

Coin Edition

Other articles published on Sep 16, 2024

Missed Hamster Kombat or Notcoin? Don’t Miss Battle Bulls!

Another 1B USDT minted at Tether Treasuries, Paolo Ardoino clarifies allocation

The Graph Upgrades Tooling for Solana Devs to Accelerate Dapp Deployment

ParaFi Capital Chooses Avalanche for Tokenization of its $1.2B Fund

Former Revolut executives launch crypto app & raise record investment of $6.7M (16 Sep)

Injective Launches World’s ‘First Ever’ Tokenized Index for BlackRock's BUIDL Fund

Join our free newsletter for daily crypto updates!