It is well known that the total number of bitcoins is limited to 21 million. For every 210000 blocks a miner has dug, the bitcoin reward produced by a single block will be halved. It has been 10 years since Bitcoin was born, and it has halved twice in 10 years, on November 28, 12, and July 10, 16, respectively.
It is expected to halve for the third time on May 8, 2020. As the date of the halving of bitcoin approaches. Many people are beginning to worry that halving will have a bad impact, and today's article will take you together to predict the possible changes or effects in mining after Bitcoin is halved.
Bitcoin reached a milestone data with a network computing power of more than 100E some time ago. To a large extent, the increase in computing power is the result of technical updates. This suggests that in the current market, miners are still updating their mining equipment or using more efficient models, trying to make mining more effective. To know that the new mining machine will take time to return, in the distance of halving only about 4 to 5 months, the calculation power is still rising, indicating that many miners are still more optimistic about the current mining situation.
For the mining industry, there must be pressure to halve, including the recent layoffs in the mining dominant bit continent, but it does not necessarily lead to an ultra-large "mine disaster". Mining machine, difficulty, currency price and so on may affect mining. Although the extent of the impact is uncertain, miner mining is more about balancing current returns with possible future risks and then making the most appropriate choice, and that the process must be dynamic. I think we can still look at it with optimism. Moreover, the key to mining is who gets cheaper electricity prices, and there are always people who can get cheaper electricity.
