What Does BTC Halving Mean (BTC Halving Cycle)
What does BTC halving mean? According to official news from btc.com, the Bitcoin
What does BTC halving mean? According to official news from btc.com, the Bitcoin block reward was halved at around 2:50 am on May 11th. This halving will decrease the network difficulty to 13.73T, and it is expected that the third BTC hard fork upgrade will be completed in late June 2020 (the next one will happen in early July).
For the Bitcoin community, halving is undoubtedly a very important moment. It will have a significant impact on miners. So what does halving mean? Here are the specifics:
1. After BTC halving, mining profits will decrease;
2. Due to the current relatively sluggish market environment and factors such as the sharp drop in coin prices, it is difficult for miners to continue to make a profit. Therefore, over time, mining profits will gradually decline;
3. If there is a situation where the market selling pressure increases due to the launch of new mining machines, mining pools may face liquidation risks.
BTC Halving Cycle
According to official news, shortly after the start of BTC halving cycle on November 30, 2020, the native token BTT of Binance Smart Chain (BSC) will experience its third reduction period. At that time, users can calculate the difference between the current price of BTC and the corresponding price based on block rewards and transaction fees, and these differences will be automatically transferred to miners participating in this activity to ensure the system’s security and stable operation. Additionally, another halving is coming soon. Currently, several developers in the community have expressed their plans to generate more BTC through mining and invest them in ecological construction.
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