Despite the fact that many experts believe that Bitcoin will hold its position after the halving, mining profitability will still decrease for most companies mining cryptocurrency.
The block reward will be halved this week from 6.25 BTC to 3.125 BTC.
Miners should assume that after the halving, mining will become unprofitable for many of them. It is necessary to review the strategy as soon as possible to maintain performance. Most likely, many miners will have to suspend cryptocurrency mining.
There is an opinion that after the halving, manufacturers of equipment for crypto mining will be forced to reduce prices.
Otherwise, they will not be able to sell the ASIC miners that have accumulated in warehouses.
The crisis period usually lasts no more than 16 months. As after previous halvings, Bitcoin will begin to increase in value again after overcoming this stage.
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