) protocol that reduces the amount of BTC that can be mined per block by 50% every 210,000 blocks, which occurs roughly every four years. In a matter of days, the reward for mining a block will reduce from 6.25 BTC to 3.125 BTC.
Just as investors know the liquidity shock the halving delivers, miners know their business model will be tested every four years. When asked if he thinks the Bitcoin mining industry is prepared for the upcoming halving, De La Torre — who is also former vice president of mining pool Poolin — highlighted how the continuous growth of the global Bitcoin hash rate “might signal that miners are already upgrading equipment for the upcoming halving.”
“The halving is an opportunity for new regions to emerge as profitable places; keep an eye out for the Middle East, Africa and Latin America.” “Digital gold will always be digital gold. No one with common sense will migrate from gold to garbage.”One of the core values of cryptocurrencies — and specifically of Bitcoin — is decentralization.
As a result, small miners exit the market while large, more financially able firms — some of which are even publicly traded — account for a larger share of Bitcoin hash rate.
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