Analysis: After halving, operating efficiency is no longer enough to determine the survival of mining companies. Bitcoin mortgages are replacing direct selling

A report jointly released by Bitcoin mortgage lending platform CoinRabbit and computing power platform GoMining pointed out that Bitcoin management is more important than mining volume. After the block reward dropped to 3.125BTC and the difficulty of the entire network was close to historical highs, low electricity prices and high operating rates only constituted the bottom line of survival. What really widened the gap between mining companies was the disposal method after mining Bitcoin.<br /> The report believes that mining companies are shifting from direct sales to mortgage lending in the way they cover recurring expenses such as electricity bills, custody and labor. This path obtains cash flow while retaining exposure, and also avoids taxable sales and retains The deductible space for operating expenses is that mining companies bear both price and liquidation risks when the currency price goes down.<br /> Jeremy Dreier, chief business development officer of GoMining, said that the ones who will win after halving are those miners who operate efficiently and reserve cash for this purpose in advance. The current downward trend in Bitcoin prices has lowered the cost of increasing computing power and is a window period for investing funds to expand mining machines.