Information about mining bitcoin and what impact the halving has on the future market.

One of the biggest factors that will change after the halving is the cost the mine 1 Bitcoin. The average cost to mine 1 bitcoin at the moment is 52.506$ according to the price of household electricity, this number obviously varies from which source of energy you use and where you are in the world. (Source: https://en.macromicro.me/collections/3785/crypto/29435/bitcoin-production-total-cost).

Right now you get 6.25 BTC / block, after the halving this number will only be 3.125 / block. On average it'll cost someone approximately 100K to mine 1 Bitcoin meaning Bitcoin has to be worth more than 100K for miners to profit from mining Bitcoin.

In my opinion bitcoins value will first fall to a 40-55K range, the reason why is because historically this has always happened. After this the price of 1 Bitcoin might go to levels ranging from 110K - 130K.

Obviously there are more factors that will decide Bitcoins future value, I hope this article gave you some valuable information about one aspect of Bitcoin.

Goodluck in the bullrun, never forget to realise your profits.

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