Bitcoin halving is going to pump Proof of Stake projects as mining BTC is no longer profitable
Post by twetch#678
btc halved 2 consecutive times in early 2018 and halved again in early march with the rona. Hash kept going to ATH regardless.
What do you see different this time around?
What the chain says
- Block
- 632 742
- Time
- 2020-04-29T21:19:05Z
- Signer
- 19gAUDU4VQoVuLgeL9pwTepPsZonqvALhv
- App
- twetch
- Type
- post
- Content type
- text/plain
- Name in tx
- twetch#678
Fields the transaction did not carry are omitted. Open the payload to see the bytes as stored.
Signed by
19gAUDU4VQoVuLgeL9pwTepPsZonqvALhv VerifiedReplies (3)
Halving does not refer to price. It refers to mining rewards cutting in half. Check it out
btc was 20k and it dropped to like 6k within months.
thats almost 2 halvings in miner revenue. Check it out
Ok, but that’s not what a “halving” is in terms of the programmed reward halving for mining