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Bitcoin Halving: How the Miners are Faring So Far

Bitcoin halving

On May 11, 2020, Bitcoin successfully executed its third block reward halving. Bitcoin halving events usually occur every four years, and the first and the second events took place in 2012 and 2016, respectively. Since miners’ rewards for verifying blockchain transactions are usually trimmed by 50% following a halving event, past events have forced miners to adopt numerous changes to cater for the drops in profitability. What about the recent halving event? How have things unfolded for miners this time around?
Mining Inefficiencies
One obvious impact of a halving event is the reduced revenues miners receive. …

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Crypto News Updates

Coronavirus Outbreak: How Bitcoin is Faring So Far

Bitcoin

The coronavirus crisis has seen Bitcoin price nosedive in one of the greatest Bitcoin price crashes since its inception. With a 52% drop in price in a single week, the coronavirus has left many Bitcoin enthusiasts scratching their heads. Even the legendary crypto trader, Peter Brandt, who predicted Bitcoin’s peak way back in 2017, tweeted that he wouldn’t be shocked if it crashed to $1,000 and below.

Will Bitcoin recover from such a huge crash? And can it still be trusted to store value over time? These are just some of the questions that people are …

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