- Mar 21, 2013
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Big fucking red candle
Y'all staying safe?
Y'all staying safe?
A Bitcoin halving event is when the reward for mining Bitcoin transactions is cut in half.Search for "Bitcoin halving"I think it's actually good news
A Bitcoin halving event is when the reward for mining Bitcoin transactions is cut in half.
And you think this won't change anything in it's value?
Search for "Bitcoin halving"I think it's actually good news
A few months ago it was estimated that Bitcoin mining was not profitable below $3500 anywhere in the world. Since then mining difficulty has increased and now with the halving that would mean if BTC drops below $7000-8000 at minimum it would be unprofitable. Mining generally has always been profitable.No idea bit there may be price drop after Bitcoin halving
That is true. If it becomes unprofitable and a bunch of miners turn their rigs off because of that though it'll go back to being profitable for those who are still mining.A few months ago it was estimated that Bitcoin mining was not profitable below $3500 anywhere in the world. Since then mining difficulty has increased and now with the halving that would mean if BTC drops below $7000-8000 at minimum it would be unprofitable. Mining generally has always been profitable.
and the price too with it.A Bitcoin halving event is when the reward for mining Bitcoin transactions is cut in half.
Hope not.Whales gonna whale! Everyone bullish with the halvening...was a great shakeout! We may see $7,400.