Home Guides Will the Bitcoin Halving Cause Another BTC Price Hype Cycle?

Will the Bitcoin Halving Cause Another BTC Price Hype Cycle?

0
Will the Bitcoin Halving Cause Another BTC Price Hype Cycle?

[ad_1]

[gpt3] a new article in English that is SEO-optimized and incorporates as many relevant keywords as possible. The article should be based on the information provided in the existing post content. Additionally, please include a dedicated FAQ section and a conclusion section to enhance the reader’s experience

In fact, the current bitcoin mining difficulty is at historic highs, with computing power jumping over 100% in 2023. CoinShares predicts this to fall off after the halving with a “miner exodus.” The company also said the “average cost of production per coin” could normalize at just under $38,000 post-halving, given the complicated interrelation between hardware and electricity costs, difficulty levels and the cost structures that determine whether certain miners are making or losing money, which determines how many miners are on the network.

[/]

[ad_2]

Source link

LEAVE A REPLY

Please enter your comment!
Please enter your name here