TheMiningMag explained that the increase in the balance of the first cryptocurrency was partly ensured by the transition of MARA, Riot Platforms and Hut 8 to a strategy of buying digital gold following the example of the largest holder of bitcoins, MicroStrategy.
“Based on the current rate of coin mining, it is likely that large holdings will exceed the 100,000 BTC threshold within months,” the analysts admitted.
According to their data, the share of public miners in the global Bitcoin network power indicator reached 30%, and in the first weeks of January, the growth of the hashrate predetermined the dynamics of the price of the asset. This led to a reduction in mining profitability by approximately 1%.
The total capitalization of public mining companies in 2024 increased by 16%, to $4.5 billion. The leader was Riot with an indicator of +32%, the outsider was Bitdeer with a drawdown of 4%, experts said.
Previously, Fidelity experts said that the trend of falling transaction income of miners could become long-term, but it does not contain risks for the security of the blockchain.
Source: Bits
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