In our latest Cointelegraph video, we explain everything you need to know about the imminent Bitcoin halving, assessing its impact on both the mining industry and BTC's value.) halving, a pre-programmed event that cuts the new supply of BTC in half approximately every four years. The halving will generate a revenue shock for miners and reduce the amount of new BTC issued in the market.
Miners have had four years to prepare for this event by upgrading their mining rigs and seeking out locations where electricity is cheap. “I don’t think we will see a very large drop in hash rate after the halving, maybe around 10% or less,” said Jaran Mellerud, co-founder and CEO of Hashlab Mining.
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