With the continuous study of Bitcoin and all its related terminologies, we realize that we all learn the same thing but understand it from different perspectives. Recently, I have been able to figure out 3 interesting tips that are well associated with the Bitcoin halving process. I thought it's worth sharing...
1. Miners have years to plan for the halving, which means they are given the chance to readjust themselves to see if they can continue the mining task. Certainly, profits might not be guaranteed, especially when working as a solo miner. Thanks to @Charles-Tim, who explained how solo miners work in my previous post, I gained valuable insights.
2. Halvings are pre-programmed events that work when a requirement is met. The completion of 210K blocks, which takes approximately every four (4) years, initiates a protocol that reduces the block reward by half.
3. Bitcoin is practically referred to as a commodity, which shows similar characteristics to gold. The process of acquiring either of them will definitely lead to a reduction in supply; i.e., the more we mine, the more they are reduced.
Interestingly, Satoshi never stated a reason for implementing halving in Bitcoin's protocol.
And I am sure you would be looking forward to checking Satoshi's white paper. Your contributions are welcomed, have a blissful day ahead.
From your post, I think you have interest in mining activities for cryptocurrency and want to understand why the halving is as important to the miners as it is to the investor or trader.
BTC halving was implemented to act like a break on the fast evolving and developing initiative of Bitcoin. Although, miners would have to make do with much lower fees due to the halving, still, the proportion of their earnings would be in natural correspondence with they earned before.
The halving is not to put anyone investor or miner at a disadvantage, but to ensure the existence and continuity of a genuine idea which offers hope to those who have grown tired of using fiat for transactions and payments, mostly when it is across borders and much fees are required.
One bliss about the halving that we all must take advantage of is the bull run that follows and it comes with hope for those who are into trading and those who DCA or HoDL because all will not be lost as the value of their BTC still remains intact nonetheless.