According to some mining experts, the Bitcoin network hashrate could face a 30% contraction just after the next halving, expected in April 2024.
As miners’ rewards shrink, miners’ profitability will decrease unless the cryptocurrency experiences price increases in the market.
Could all this pose a problem for Bitcoin and the rest of the industry?
We see it together in this article
Mining: hashrate at risk of drop with next Bitcoin halving
The next halving of Bitcoin could have some negative implications on the network’s hashrate, which would see a drop in conjunction with lower profitability for the cryptocurrency mining industry.
Taking this view are some experts such as Lucas Pipes and Colin Harper, who are respectively a director at B. Riley Financial and a content manager at crypto services company Luxor Mining.
The former has estimated a 15% to 30% drop in Bitcoin network computing power while the latter believes a 20% drop will be possible.
The main reason for this pessimi
We współpracy z: https://en.cryptonomist.ch/2023/07/27/bitcoin-mining-hashrate-drop-after-halving/
