Will Bitcoin’s Halving Doom or Boom The Cryptocurrency?
As the Bitcoin’s halving approaches, many are wondering whether it will double Bitcoin’s price to compensate for the halved supply, or will lead to a downward spiral and a depressed price due to the growth of confirmation delays. On July 11th, only two months away, supply halves. Prices should increase, assuming demand remains constant, with many Bitcoiners hoping that the halving will trigger a fourth moon bubble comparable to the stratospheric rise in 2011, Spring 2013 and November 2013. Some argue, however, that this time it may be different because for the first time in its history....
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The much anticipated Bitcoin-Halving Day is approaching fast with less than 300 blocks to go until the reward changes for miners. Expectations for this event have been quite massive, with many predicting a surge in price. Meanwhile, others are holding events to celebrate this milestone in Bitcoin’s life. We’re Gonna Party Like It’s Block # 419,975. It....
As the year draws to a close, enthusiastic cryptocurrency fans and hardworking Bitcoin miners are celebrating a profitable boom all across the world. The daily profits for people who practice crypto mining have risen to previously unheard-of heights, making the activity an even more seductive and profitable endeavor than it was before—akin to unearthing digital […]
The approaching halving of Bitcoin’s block reward is the subject of much optimism among Bitcoin enthusiasts and price speculators. Hardcore believers, uncaring about its exchange rate, look forward to the “halvening” as a milestone in Bitcoin’s history. Each block reward halving represents a triumph for Bitcoin, for they signify that Bitcoin has remained relevant enough for mining to continue. Speculators, on the other hand, look to the halving as a source of hope. Since the block reward will be cut in half, supply will not grow as rapidly. This fact leads many to believe that the Bitcoin....
Just as Bitcoin’s block reward halved in the past, Litecoin will undergo the same same process on Tuesday, August 25th. In anticipation of the halving, the Litecoin Association says that it is a milestone in the cryptocurrency’s 4-year history. The association also released a video that elaborates the entire process of Litecoin’s halving, informing that after the halving, Litecoin will reward miners with 25 coins rather than 50 coins per block. The video also explains that the halving process happens every four years for both Litecoin and Bitcoin, as dictated by their respective protocols.....
According to countdown statistics based on the average block generation time of around ten minutes, progress toward the next Bitcoin block reward halving has surpassed 60%. However, while most halving countdown clocks leverage the ten-minute average, the countdown leveraging the most current block intervals of around 7:65 minutes shows the halving could occur in 2023.
Faster Block Intervals Suggest Bitcoin Halving Could Happen in 2023
Just recently, at block height 757,214, mined on October 5, 2022, Bitcoin’s total hashrate tapped an all-time high (ATH) at 321.15 exahash....