#BTC #比特币减半 Bitcoin halving is 21 days away - when will it happen and what to expect?
The fourth Bitcoin halving will be held on April 19, 2024, at 21:30 in East Eighth District. According to Hashrate Index predictions, this event may have a significant impact on Bitcoin’s hashrate, depending on the performance of BTC prices.
Hashrate Index estimates that if Bitcoin’s current price maintains or grows moderately, Bitcoin’s computing power may decrease by approximately 3-7% after the halving. It is expected that Bitcoin’s computing power by the end of the year will be between 639-674 EH/s.
However, if Bitcoin prices fall from current levels to around $48,000, it is expected that approximately 16% of Bitcoin’s hashrate could go offline.
The report points out that there may be some changes in the upcoming halving compared to previous halvings. The current Bitcoin bull run and transaction fee activity have allowed many miners to continue mining even after the block reward dropped to 3,125 BTC.
According to analysts, if the price of Bitcoin stays at current levels or increases, a small portion of the computing power may go offline. If current trends continue, computing power is expected to grow slowly over the next year. Affected by the slow but steady increase in mining difficulty, compression of profits will limit the launch of computing power and profitability.
While the halving will not disrupt miners as much as previously thought, profit margins will still be very limited following the event.
Overall, the price of Bitcoin must experience significant growth for existing miners to continue to be profitable. Because when we look at the production cost of Bitcoin, we can know that the price will increase significantly.
Over the past few years, halvings have been a major factor in starting a Bitcoin bull run. As a result of this and the ETF approval, Bitcoin has experienced significant gains since the beginning of the year and is expected to enter a serious bull run by mid-2025.
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