Approaching the upcoming Bitcoin halving, there’s growing concern about the financial impact on miners. Historically, after a halving event, miners face a substantial reduction in income due to the decrease in block rewards. This trend is evident in data from IntoTheBlock, an analytics firm that specializes in on-chain analysis.
Despite this decline, Bitcoin’s value tends to rebound strongly after each halving event. For example, following the 2016 halving in July, Bitcoin’s price nearly tripled over the following year.
After undergoing its previous halving in May 2020, Bitcoin experienced a remarkable surge in value, rising approximately five-fold based on CoinMarketCap’s figures, within the following year.
Read More
- CRK Boss Rush guide – Best cookies for each stage of the event
- Glenn Greenwald Sex Tape Leak: Journalist Cites “Maliciously Political” Motives
- Castle Duels tier list – Best Legendary and Epic cards
- Grimguard Tactics tier list – Ranking the main classes
- Fortress Saga tier list – Ranking every hero
- Mini Heroes Magic Throne tier list
- Hero Tale best builds – One for melee, one for ranged characters
- Maiden Academy tier list
- Seven Deadly Sins Idle tier list and a reroll guide
- AOC 25G42E Gaming Monitor – Our Review
2024-04-17 16:04