By the end of 2024, Bitcoin price is expected to reach $100,000! The crypto bull market is back. Bitcoin, the top cryptocurrency, could hit $100,000 by the end of 2024, according to a report by Jeff Kendrick, head of digital asset research at Standard Chartered Bank. By the end of 2024, we could see Bitcoin (BTC) reaching the $100,000 level , as we believe the much-hyped "crypto winter" is finally over. According to Kendrick, Bitcoin could benefit from many factors. For example, recent instability in the banking sector due to the end of the Fed's rate hike cycle and the increased profitability of cryptocurrency mining. As uncertainty persists, Kendrick believes the path to the $100,000 level is becoming more apparent. Bitcoin has bounced back this year, topping $30,000 for the first time in 10 months. However, the crypto industry lost trillions of dollars in 2022 after the Fed raised interest rates. Observers Are Arguing About Bitcoin Standard Chartered isn't the only
Antminer S1 7+ 70 th/s profitability calculation estimate Antminer S17+70TH/s is a bitcoin SHA-256 algorithm ASIC miner that uses the 7nm ASIC chips technology. It was released in January 2020 and produced with the Bitmain 7nm chips technology, which improves system performance. Antminer S17+70TH/s enables users to mine bitcoin (BTC) and bitcoin cash (BCH) with the maximum hash rate of 70TH/s and its power consumption of 2800W ± 10%, power efficiency of 0.0055 J/GH, and the size of power supply is 17.5 x 29.8 x 30.4mm. Mining with the Antminer S17+70TH/s makes mining very easy, efficient, and profitable for its users. The Antminer S17+70TH/s specification Manufacturer Bitmain Model Antminer S17+ (70Th) Release January 2020 Size 175 x 298 x 304mm Weight 1 2 KG Fan(s) 4 Power 2800W Voltage 12V Interface Ethernet Temperature 5 – 45 °C Humidity 5 – 95 % NOTE : The acceptable input voltage for Antminer S17+70TH/s is 220V. The user should use the equipment according to the specifications a