LIVEHow Bitcoin Mining Has Changed Since the Last Halving.
Every four years, we experience a bonus day in February, the United States elects a president (ideally one supportive of Bitcoin), the Olympics take place, and we witness a significant event called the $BTC Bitcoin halving.
In the grand scheme of things, four years may seem relatively short. However, in the realm of $BTC Bitcoin mining, where changes in the geographical landscape, hash rate growth, and industry efficiency are big factors, a lot has occurred since the previous halving event
In 2020, we experienced the last halving during the height of the COVID lockdown, when many of my mining friends celebrated this epic occasion from afar, with hopes of celebrating IRL in four years.
At that time, the price of$BTC Bitcoin hovered around $8,700, while the hash rate stood at approximately 120 EH/s. The majority of the hash rate was concentrated in China, and rumors regarding the possibility of a Chinese ban were merely rumors.
Today, we’re nearing the upcoming halving, with Bitcoin price and hash rate reaching unprecedented levels. It’s challenging to envision the landscape for the next halving in 2028.
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