Topic: Halving is Going to Cause a General Effect on all in the Ecosystem - page 3. (Read 467 times)

Well, from my little experience, I might be right, I might be wrong, if I am wrong, I am open for correction..

But I actually think that Bitcoin halving have little to nothing to do with Bitcoin mining difficulty, this i think because, the difficulty can go up or come down on this own, the factors driving the difficulty up or down i am not sure of, but i think it has something to do with number of miners online mining bitcoin at a particular time, that is to say that, when there are a lot of miners mining bitcoin, the mining difficulty increases, and when there are less miners , the difficulty reduced, this increase and decrease i think also have something to do with the total hashrate or whatever its called..

The takeaway here is that, i believe halving has very little to nothing to do with increased or decreased mining difficulty since this aspect of bitcoin also goes up and comes down on its own just like the price of bitcoin.

Most educated miners know well in advance about the reduced block rewards. Every halving there are a few retail miners that have no idea what is going on why their profits halved over night but for the big companies this is not an issue.

They buy the equipment early and know the risks involved. Whether it will affect price is hard to tell because most miners usually sell during bull markets and not daily.

I don’t know if you’ve heard of plagiarism here in the forum and what punishment is being applied to account that are found guilty of it.



A quick scan of your post gave me that, and since it’s a date I decided not to report it so do well to include this link^[1] into your post and make sure the next time you’re making a post no matter the length, always include the source of where you copied from, I’ve seen your other threads you do copy the links I’m not sure why you left this one out, but do well to correct your errors before you’ll be reported.

[1] https://defichronicles.medium.com/the-halving-effect-what-the-data-tells-us-about-the-next-bull-run-8d42049a5edc

About every four years, the number of Bitcoins miners receive for each block they mine is cut in half. This reduction in rewards can impact miners significantly, making their operations less profitable. When the next halving occurs, miners will receive even fewer Bitcoins for their work. This could lead to some miners exiting the network, especially if Bitcoin's price doesn't increase.

1. First Halving (November 28, 2012): The first Bitcoin halving happening when the block reward was reduced from 50 BTC to 25 BTC.
2. Second Halving (July 9, 2016): The second halving reduced the block reward from 25 BTC to 12.5 BTC.
3. Third Halving (May 11, 2020): The third halving happened, reducing the block reward from 12.5 BTC to 6.25 BTC.
4. Fourth Halving (expected April 16, 2024): The fourth Bitcoin halving will reduce the block reward from 6.25 BTC to 3.125 BTC.

source: https://defichronicles.medium.com/the-halving-effect-what-the-data-tells-us-about-the-next-bull-run-8d42049a5edc

Here's a graph from Coindesk showing the overall supply of bitcoin as we approach halving and the subsidy (number of bitcoins minted after each halving)

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How will the BTC mining difficulty level affect validators (btc miners) due to 1/2 reduction in reward after the next halving and possible backlash on general ecosystem?

Please as simple as you can I'd love to get your explanation on this.

I've made previous post regarding this and I'm still making enquires to deepen my understanding so understand me no bad talks please
https://bitcointalksearch.org/topic/m.62494066

I've been reading closely all replies to my post and I'm grateful to all who commented your replies are gonna be helpful what I'll do is sum it up and broaden my understanding. Once again thanks to you all.

The user ,Lucius I don't in anyway wish to go against rules someone here in one of my post I'm sure legendary rank member asked replied that I did a good post but I should have made it capitalized the headings so I thought doing that was a way to make more ideas come in. Please you have to take down your words(I've been writing exams yet I try to come and learn from the question I asked you shouldn't say what you are not sure of it's bad and doesn't speak well of you) because I was following instructions and I've made the corrections you said please.

To all newbies that are here or will be reading this I'd give the meanings to abbreviation used by other users during the course of their reply
HODL-Hold on for Dear Life
ASIC- Application-Specific Integrated Circuit
IMHO- In My Humble Opinion
FOMO- Fear Of Missing Out
ATH- All-Time High
FIAT- all government controlled money e.g US dollars

Wow I really got a comprehensive explanation even now on logging in...I spotted a user but as I kept reading I saw more and more explanation for other users and well explained data and good links so I'd appreciate you all generally here. I hope this serves as a nice data for this particular topic currently and in future date as well.