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    Bitcoin Halving Is Poised to Unleash Darwinism on Miners

    kitsiosgeo by kitsiosgeo
    December 8, 2023
    in Cryptocurrency
    0
    Bitcoin Halving Is Poised to Unleash Darwinism on Miners

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    Historically, the event has increased bitcoin prices exponentially, creating generational wealth for investors – but a presenting challenge for the miners that actually create BTC. During the third halving, which occurred in 2020, bitcoin’s price went from around $8,500 to nearly $18,000 within a few months, while the reward for successfully mining a block was cut to 6.25 BTC from 12.5 BTC.

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