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SubscribeThe Bitcoin halving will dump or pump during this economic crisis?
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#1
The Bitcoin halving will dump or pump during this economic crisis?
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#2
The total amount of Bitcoin mined by miners per block will decrease from 12.5 to 6.25 BTC in the next half of Bitcoin. This means that after the event, Bitcoin miners will be rewarded with 6.25 BTC, which makes the supply of BTC less and less.
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#3
Bitcoin miners will be rewarded with 6.25 BTC, which makes the supply of BTC less and less.Originally Posted by sashavich04
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#4
That is right. When there is a low supply, the demand could become higher. But personally, I no longer want to mine because the cost of mining is too high and there is no guarantee that I would be able to take a high percentage of the reward.
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#5
Same here. Honestly, I have long given up on mining already because I do not have enough resources and equipment. And if I look at it through the bigger picture, I feel like mining would be impractical for a small miner like me.
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#6
Mining has already been too costly ever since. Now it is a lot more doubtful to mine because we will get less rewards but with the same expenses or even higher.
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#7
When Satoshi Nakamoto created bitcoin, he wanted to create a system that would maintain itself and in some way simulate gold mining. Over time, mining will become more difficult and rewards will gradually decrease to control the supply.
Though trading on financial markets involves high risk, it can still generate extra income in case you apply the right approach. By choosing a reliable broker such as InstaForex you get access to the international financial markets and open your way towards financial independence. You can sign up here.
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