Aoyon Ashraf is managing editor with more than a decade of experience in covering equity markets
mining software and services company Luxor Technology partnered with crypto derivatives company Bitnomial to offer the U.S.'s first-ever exchange-traded hashrate futures to help miners hedge their revenue risk ahead of April's halving event.
Hashrate – a measure of computing power on the Bitcoin network – is one of the core aspects of a miner's revenue generation ability. A higher hashrate means more competition for the miners to mine a block on the network, lowering the chance of potential reward and thus reducing revenue.
Unlike 2021's bull run, where growth-at-any-cost led to many unsustainable means of operating mining businesses, a much more prudent strategies will be required by the miners. The recent crypto winter has seen many large bankruptcies and dried up capital markets for the miners.
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