Based on current block times we expect to witness one of the largest Difficulty Reductions in Bitcoin History this Monday (11/2/2020), with estimates ranging from -13.65% to -14.18%. In the past, extreme Difficulty reductions have signaled favorable probabilities for long term capital deployment.

Monday’s Difficulty reduction puts miners in a unique position to capture the opportunity in Bitcoin as their margins are improved by: the favorable Difficulty adjustment, increasing transaction fees, and general Bitcoin Price Appreciation (+25% in October). It’s a great time to be a Miner!

We have witnessed a massive expansion of Institutional Bitcoin Mining activity in 2020 since the Halving occurred in May. This has led to an unprecedented demand for next-gen mining rigs and created lead times of 5+ months for models like the Bitmain Antminer S19 Pro. Bitcoin Network Hashrate and Difficulty continue to increase steadily as more of these new models come online each day. Although this activity is making the Bitcoin Mining landscape more competitive, it is also providing a very strong, positive signal for the Market. Growing Institutional investment in Bitcoin Mining indicates growing conviction in the future of Bitcoin.

Lower Fees + Exceptional Performance = More Bitcoin for YOU

https://bitcoin.blockwarepool.com/

We already have over 100 PH/s mining, ranking Blockware Pool as one of the top 20 largest Bitcoin Pools in the World. One of our 2020 company goals is to do everything we can to bring as much hash power online in the US. If Bitcoin is going to become a Global Reserve Currency, we need more hash power in America to rebalance the 65% of the hash power controlled by China.

Let’s continue to bring hash to America!

The signature characteristic of an early stage bull market is First Mover and Institutional Accumulation. The retail and weak hands get shaken out and puke their holdings to the institutions and large holders. These institutions and large holders have long investment time horizons, which is why we refer to them as strong hands. When the strong hands accumulate enough Bitcoin and soak up the weaker hands’ selling, the market will be positioned for significant price advancements as a majority of the selling is now exhausted.

We are pleased to announce that Blockware Solutions will be a Key Panelist sharing our insights on the Current Bitcoin Mining Environment this week in San Francisco. Several of the premier Crypto Funds, Feeder Funds, Investors, and San Francisco's Early Crypto Adopters will be in attendance at this intimate, invite-only event. There will be a detailed discussion expanding on the operational and financial aspects of Mining, along with the opportunities and challenges in the space.

If you would like to learn more or attend the event, don't hesitate to reach out. We will also be available for meetings between February 10th - 12th, let us know if you would like to meet in SF!

Blockware Solutions is heading to Switzerland where our CEO Matt D’Souza will be presenting his investment strategies for Crypto Assets at the Protos Blockchain Summit, on January 17th. Matt will be discussing proprietary capital deployment strategies and how to maximize returns on Crypto Investments with other industry experts such as: Consensys, Protos Asset Management, Tezos Foundation, Tensor Alpha, Cambrial, Quantum Capital, and DLT Capital.

We have witnessed multiple instances of geopolitical instability where the market has treated Bitcoin as Digital Gold. Similar to Physical Gold, Bitcoin also tends to be utilized as a tool for capital flight in times of geopolitical uncertainty. We witnessed this dynamic over the past week with Bitcoin rallying on news of escalating US-Iran tensions, and also in 2019 with China’s Yuan devaluations and trade disputes with the US.