Bitcoin Halving

While bitcoin mining is quite a profitable venture, it comes with a negative environmental impact that can't be ignored. Revealing research by PWC's Alex de Vries paints a very startling picture. About 98% of existing crypto mining hardware will become obsolete quite soon. That's a lot of e-waste in waiting. Shorter Life Spans of ASIC Miners Expected The competitive nature of mining is always on the increase thanks to sustained surges in hash rate and mining difficulty. In about 10…

Recently, Bitcoin received more attention with the imminent halving. Numerous individuals shared their thoughts on Bitcoin’s performance lately, as price oscillated. Individuals expressed their views on Bitcoin, capable of being a haven asset, a means of exchange, or as a tool for investment. Trace Mayer, Bitcoin Knowledge Podcast host, commented on Bitcoin’s performance and explained how the crypto asset helps people, where governments’ currencies are not usable. Mayer believes that Bitcoin empowers people to hold their keys, run their private…

The coming Bitcoin halving in May 2020 is making crypto participants focus on the digital currency. Many expect an impressive Bitcoin upsurge after the halving.  However, some people believe that Bitcoin’s price will significantly rise, even without taking the halving into account. A recent report revealed that Bitcoin can offer investors 100% returns in 2020. The report further claimed the possibility of Bitcoin rising exponentially, even before the halving happening in May. Crypto Enthusiasts on Factors Affecting Bitcoin Price Fundstrat…

The Multicoin Capital joint founder, Kyle Samani, has lately made comments on BTC progress, following his tweet about the upcoming Bitcoin halving event, made on 4th January this year. His thoughts on the halving event clearly exclaimed and stated that the "TLDR- is extremely bullish," Following this remark, he predicted possible volatility to be visible within the two months before or after halving. In his tweet, he exclaimed and commented on the matter related to the halving, with concerns based…

In May 2020, there will be one of the critical events in the crypto space, known as Bitcoin halving, which involves reducing the number of coins for every block issued to miners by 50%.  The coins will get relieved from 12.5 to 6.25, thereby cutting the inflation rate of Bitcoin by half. If the event continues to hold in years to come, it will make sure that there are just 21 million Bitcoins in existence. Therefore, this will help achieve…

Some market participants anticipate the next major Bitcoin bull run to be catalyzed by the imminent bitcoin halving mining rewards, scheduled for May 2020. It is due to the historical precedent of these events Despite the anticipation,  the blockchain and cryptocurrency research group, Messari, says the influence of Bitcoin inflation, produced by the halving, will be insufficient to bring about any striking upsurge. However, they further noted that another reason exists for the event to bring about the uptrend. Previously,…