Just 4 days left for the Bitcoin (BTC) halfway, which takes place every 4 years and 210,000 blocks. Many people closely follow this half-life that can change the balances in the crypto market.
Bitcoin price gained more than 6% in the last 24 hours and is trading at $ 9,827 as of writing. Especially in the last few days, the leading crypto asset, which has repeatedly tested and passed the levels of rejection every time, has recorded a record increase in the middle of the coronavirus pandemic.
Bitcoin miners will also have to make their mining equipment more efficient with the halfway that will take place after 4 days. The S9 model, currently used by many major miners and produced by Bitmain, will need to be upgraded to meet the competition, given the increasing hash rate, the mining challenge.
In this process, more corporate miners are likely to emerge from China, which has dominated the mining industry in recent years. These days, which proved to be unprofitable for the oil industry, are often mentioned in recent days that some oil and gas companies will go to compensate their losses with BTC mining.
In Bitcoin, created 10 years ago, the block reward was initially set to 50 BTC per block within ten minutes. First, 210,000. The mining reward of the leading crypto asset halved in the block has dropped to 25 BTC, and with the subsequent halves, the reward per block has been halved each time, and mining has become increasingly difficult in this direction.
In Bitcoin, which is limited to 21 million, this process will continue to occur every 210,000 blocks until all of the leading crypto assets are removed.