Author Topic: Halving Bitcoin price skyrocketed to $ 90,000. why not?  (Read 3 times)

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Halving Bitcoin price skyrocketed to $ 90,000. why not?
« on: February 15, 2020, 08:29:57 AM »
The upcoming Halving Bitcoin will double the cost of mining, causing the price to skyrocket to $ 90,000 or higher

For operators who use high-speed computers to mine BTC, halving will cost them double the cost.

The estimated average cost to mine a Bitcoin could rise to $ 12,525 after the halving is expected to occur in May, double the current average of $ 6,851. Basically, miners will have to run twice as many calculations, with the corresponding increase in electricity usage, to get the same amount of Bitcoin they currently receive.

Once created a decade ago, halving was programmed on Bitcoin's original network as an anti-inflation factor. Accordingly, the speed of new and predictable supply of coins will help stabilize Bitcoin's purchasing power - in contrast to the government-supported currencies that often print at the will of central banks.

What is happening now is a lesson in the emerging economics of a market cycle just like the goods of Bitcoin: Other mining companies are competing to prepare for halving by upgrading computers such as processor chips. Next generation faster and more energy efficient

See also: Bitcoin virtual currency exchange