Bitcoin halving: How miners can earn more

What happens after a Bitcoin halving?

Bitcoin halving: How miners can earn more

Will the price definitely rise after the halving? Are there risks to the halving?

On April 20th, BTC finally ushered in the halving. This time we have also compiled information and data for a long time. In this video, we will fully understand this BTC halving from several major aspects.

To sum up, when Bitcoin is halved, the impact on miners is mainly reflected in the following aspects:

1. Reduction in income: The halving event causes the Bitcoins quantity mined by miners to be reduced by half, so the Bitcoin reward they can receive from each block they mine is also reduced by half. This directly leads to a reduction in miners’ mining income.0685
2. Cost pressure: Although Bitcoin prices may rise due to reduced supply, miners still need to pay the same costs (such as electricity, equipment maintenance, etc.) to continue mining after the halving. Therefore, the halving event may increase the cost pressure on miners, especially for those with higher costs.0686
3. Increased competition: The halving event may cause some non-cost-effective miners to exit the market because they cannot afford the reduction in mining income. The halving may also incentivize more people to participate in Bitcoin mining because they believe that the price of Bitcoin will increase over time, thus offsetting the reduction in mining rewards caused by the halving. This may lead to the Bitcoin network’s hashrate recovering or even increasing after the halving event, leading to increased competition in the mining industry, especially in areas with relatively low electricity costs.0689
4. Technology update: The halving event may prompt miners to update their mining equipment to improve efficiency and reduce costs. This may lead to more miners adopting more advanced mining equipment, thereby increasing technological competition in the market.

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0:00-0:24 Bitcoin halving notice
0:25-0:51 Video content outline
0:52-14:48 What will happen if Bitcoin is halved? When will the price of Bitcoin increase after the halving? The impact on miners after Bitcoin halving
14:49-15:55 End of video