The overall impact of the coronavirus the crisis should never be underestimated. Even in the Bitcoin mining industry, there are certain shock waves, although not everyone is affected in the same way.
A series of very interesting events has taken place in recent weeks.
Bitcoin Mining is always in the right place
First, there is the global coronavirus pandemic, which is wreaking havoc.
Second, there has been the significant drop in the price of Bitcoin which still cannot be explained today.
Bitcoin mining companies seem not to have been affected as much by the coronavirus.
Some larger operations will have to keep their staff at home, but the overall operations remain the same.
What is rather disturbing is that the drop in the price of Bitcoin is a much bigger problem.
In fact, this sudden sharp drop in value has made life a little more difficult for some operators.
At the same time, there is also minimal disruption due to COVID-19.
Supply chains for newer machines are not working as expected or hoped for.
With the Bitcoin block reward halving, the consequences can be quite interesting, all things considered.
It remains to be seen whether this event will increase or decrease the global interest in bitcoin mining.
Most industry experts are hoping for an increase, although nothing is ever guaranteed in this space.
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