<a href="https://www.cryptoknowmics.com/news/bitcoin-halving-suffers-from-a-slump-in-google-searches">Bitcoin Halving</a> is just around the corner, but the current bitcoin price is appealing for the miners and provides a scare to the break-even cost for miners. This could lead to a mass exodus of miners. However, a leading analyst believes that mining is capable enough to survive given its a big business, and states that he “respectfully disagrees” with any FUD revolving around miner capitulation.

Around the $8,000 mark, Bitcoin’s miner pays a production cost of $0.06 KWh. There’s a growing belief that miners would be more under the cosh after bitcoin <a href="https://medium.com/cryptoknowmics/bitcoin-halving-is-it-still-a-puzzle-to-solve-cd76639354b2">halving</a>, given that the doubling of production cost is inevitable.

The Block’s research analyst, Matteo Leibowitz, stated that if Bitcoin prices fail to double up over the next two months, the revenue for miners would be slashed in half. This could lead to the shutdown of mining operations, a dip in network security and Bitcoin’s value proposition would fall further.

Nevertheless, this is a crude view of an industry which has grown by leaps and bounds in the financial and technical segment. Leading crypto analyst and crypto-assets management firm, Paradigm gave a humble, but fitting reply to Leibowitz claims over Bitcoin halving.
<h2>Miners Awaiting Bitcoin Halving Eagerly</h2>
<img class="alignnone wp-image-161814 size-full" src="https://www.cryptoknowmics.com/crypto/wp-content/uploads/2020/03/Bitcoin-Halving.png" alt="Bitcoin Halving" width="666" height="442" />

The mining industry has come a long way in recent years. Production cost band lower limit is set at $4,800, which signifies that the break-even cost goes down to as low as $4,800. Hence, the odds of capitulation occurring due to the power purchase agreement is tremendously low. Also, miners usually opt for discounted products and pay for them over an extended period of time.

Cost-efficient miners of this day and age aids in cutting down the production cost. New Whatsminer s30 and Antimer S19/s20 which has been recently launched by MIcroBT and Bitmain are going to contribute significantly.

All in all, The Fud engulfing  Bitcoin Halving is a wee-bit overrated and miners must be waiting for it quite enthusiastically.

You May Also Read.
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 	<li><a href="https://www.cryptoknowmics.com/crypto/bitcoin-halving/">BITCOIN HALVING</a></li>
 	<li><a href="https://www.cryptoknowmics.com/crypto/bitcoin-mining-pools-see-huge-shuffle-in-prior-to-bitcoin-halving/">Bitcoin Mining Pools See Huge Shuffle in Prior To Bitcoin Halving</a></li>
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Paradigm Founder Disagrees with Leibowitz’s observation about Bitcoin Halving

Bitcoin Halving is just around the corner, but the current bitcoin price is appealing for the miners and provides a scare to the break-even cost for miners.

Zain is a fervid fan of bitcoin and has been meticulously covering the field for a fair amount of time now. An aficionado of Spider man, Liverpool and Slim Shady.

Paradigm Founder Disagrees with Leibowitz’s observation about Bitcoin Halving

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