Bulls and bears welcome ! Just a new updated reference to those who wanted a chart since 2013. The mining block reward on bitcoin cuts 50 percent every 4 years. 50 to 25 Block reward 2012 25 to 12.5 block reward 2016 12.5 to 6.25 block reward 2020 I am not a financial adviser. This is a long term chart of bitcoin, I included include the 2014-2015 bear...
I have detailed everything on the chart, however I will add a note here. -Every bull run is decreasing in intensity by about 66%. -Every bear market drops by about 85% -Precisely one year before every Block Halving, we experience the start of a new bull market. This is mostly due to the fact that there's an increase in scarcity, which means that miners need...
Just a reference to those who wanted a chart from 2014. The block reward cuts by 50 percent every 4 years. Cheers and hodl
accoding to the whattomine (simple website to etimate bitcoin mining profit) : we need to have 35000 Antminer S9 with 14 TH specification to build a Bitoin during an hours, if each Antminer used 1.372 kW per hour this system need 48 MW power !!! a- If you are able to prepare this power source you have to paid 48000 KW * power cost KWh b- we assumed typical...