Post
Topic
Board Bitcoin Discussion
Re: HALVING IS GOING TO CAUSE A GENERAL EFFECT ON ALL IN THE ECOSYSTEM.
by
jeraldskie11
on 06/09/2023, 21:49:47 UTC
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?
I believe miners have already acknowledged that the payout would be reduced by half following the halving. That is why the miners' moto would always be "today is the best day to mine Bitcoin." However, as the graphic shows, Bitcoin prices always rise after the halving. That is, the investor would benefit greatly, but the miners would benefit a little bit. If a miner quits their job, I'm confident there will be another to take their place. So I don't think there's anything to be concerned about there.