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.
Figured that he knew from the get-go or at the very least that bitcoin could go on par with the common commodities that we have in the market way back in 2008, so to jump the trend and also give bitcoin a bit of a fighting chance at longevity they implemented a deflationary feature that would make bitcoins practically scarcer and harder to acquire while at the same time making it even more valuable in the process. I believe he's also had visions of bitcoin becoming a pretty powerful economical tool, hence why he included features like the halving in the first place, and a couple other more that promotes bitcoin's high volatility rate which thus far worked well in its favor.
The thing is that miners have all the time in the world to prepare for when the halving comes, us investors do not have that liberty as we would need to always time our buys and calculate our risks. Just a few of the awesome things that miners enjoy just by actively contributing to the industry.