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 Z11 Profitability The Antminer Z11 is used to mine Zcash and different forms of cryptocurrencies that rely on the Equihash algorithm. Bitmain assures that the new chip is often more compelling than its predecessor, the Antminer Z9. Bitmain announced their new model immediately before the deal, which they did with the Antminer Z11 . Earlier, Bitmain reported the arrival of another model for mining Equihash-controlled coins, and the company clarified that the chip would be superior to past Z9 miners. According to the manufacturer, the Antminer Z11 has a hash rate of 135ksol/s. At the same time, the efficiency of this miner reaches 10.50 j/ksol/s. In addition, the Z11 miner relies on a 12-nanometer chip that utilizes bare die throwing technology for optimal heat scattering. This allows for a 60% reduction in electricity costs when using the Antminer Z9 for inspections. This time, Bitmain chose not to stick to the detailed description of the item and made an unusual statement tha