Sunday, 6 July 2025
Trending
CryptoBitcoin

The halving of Bitcoin might herald the next bull market

  • Bull markets have followed each of the three Bitcoin halvings to date.
  • Some miners would struggle to make ends meet if Bitcoin doesn’t maintain its recent upswing.
  • The rewards for miners will be halved assuming that the price of Bitcoin remains unchanged at the time of the halving.

Bull markets have followed each of the three Bitcoin halvings to date, but Basit and others argue that a swift spike in the cryptocurrency’s price isn’t always inevitable. After the halving, some miners would struggle to make ends meet if Bitcoin doesn’t maintain its recent upswing.

There is an economic component to mining since miners receive Bitcoin in exchange for adding transaction blocks to the blockchain. A miner’s chances are better the more processing power they possess.

Bitcoin

The rewards for miners will be halved, resulting in a 50% reduction in their revenue, assuming that the price of Bitcoin remains unchanged at the time of the halving.

Many may find themselves underwater very fast if they don’t improve their equipment or move to an area with lower energy prices. According to BlocksBridge Consulting partner Wolfie Zhao, many inefficient mining enterprises will face an existential crisis as their profit margins are going to be compressed.

The newest generation of Bitcoin mining hardware, which is anticipated to ship early next year, was recently revealed by companies who manufacture it.

Miners in areas with inexpensive electricity will be able to mine Bitcoin for far less money with cutting-edge hardware. But there isn’t any proof that miners are engaged in an arms race.

Related posts
AltcoinsCrypto

Will Solana Overtake Ethereum in the Crypto Race

Solana’s rapid growth in asset tokenization is challenging Ethereum’s dominance. Lower fees…
Read more
BlockchainCrypto

TON Blockchain Expansion Accelerates with Open Platform's $1B Valuation

The Open Platform (TOP) raises $28.5M in equity funding, reaching a $1 billion valuation. Funds…
Read more
CryptoCrypto Regulations

Crypto Bans Force FTX to Suspend $500M in Payouts

Over $500 million in FTX distributions are on hold due to crypto bans in 49 regions. China…
Read more
Newsletter
Become a Trendsetter

To get your breaking, trending, latest news immediately without diluting its truthfulness join with worldmagzine immediately.

Leave a Reply

Your email address will not be published. Required fields are marked *

TechnologyDubai

Workings of Billboard on the World's Tallest Burj Khalifa

Worth reading...