The impact of halving on miners is indeed huge! They are the first to be hit, but they are also the ones who are most likely to estimate the benefits!
With the halving of Bitcoin, the block reward has been reduced from 6.25 Bitcoins to 3.1, which has caused many low-performance mining machines to be unable to pay the electricity bill and forced to shut down.
I have a friend who runs a mining farm. He told me that the current price of Norwegian machine mining machines is about $45,000. As long as they follow this number of Bitcoin prices, they can make a profit.
However, with the arrival of halving, their profits have also decreased accordingly, so we are the team that travels the most.
But miners will not sit idly by. The current DeFi craze is hyped by them, and gas fees have soared to an alarming level, and the miners are the biggest beneficiaries!
For example, a retail investor withdraws 1,000 RMB, 700 RMB arrives, buys 500 RMB, wants to sell at a loss, finds that the handling fee is not enough, recharges 500 RMB again, 300 RMB arrives, sells all, and sells 100 RMB. The total recharge is 1,500 RMB, sells 100 RMB, and withdraws to the exchange, and there are 3 RMB left. How is it really done?
