Bitcoin mining industry ‘going to be dead in 2 years’: Bit Digital CEO

Bit Digital’s Sam Tabar says the commercial Bitcoin mining industry will “be dead” after the next halving, as new competitors emerge.

Bit Digital CEO Sam Tabar says the commercial Bitcoin mining industry is doomed even though Bitcoin mining itself will live on.  

The Bitcoin mining industry is going to be dead in two years he tells Magazine, explaining the economics of profit and loss will no longer stack up from a business perspective.

There’s no way the mining industry can survive another halving and then, at the same time, the sovereigns get into, start participating in Bitcoin mining.

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