Post
Topic
Board Beginners & Help
Re: Do Miners still continue?
by
Ojima-ojo
on 23/04/2024, 23:18:46 UTC
It is believed that Bitcoin halving is an event that happens every four years in the crypto industry where the block rewards that miners benefits from mining Bitcoin are cut half and Bitcoin eventually becomes scarce with the demand increasing and inflation is being addressed because it's part of the concept of the halving event. Since Miners rewards is being cut half during the halving, do they still continue in the number they were before the halving?
Regardless of what the bitcoin minners rewards becomes after halving, the activity will go on because miners already taken the business as long term goals, and that is why the invested alot of capital into mining bitcoin and regardless of what tax or rewards reduction they will always fine they way around it and keeping the operation on going.


They revenue generation may decrease, but that is not enough for them to aboundon they business, persistent have it own unique rewards outside what the system may reward them with.