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08 Apr 2024

6 Ways the Halving Will Impact Bitcoin Mining

6 Ways the Halving Will Impact Bitcoin MiningThe next Bitcoin halving, scheduled for April 20, is poised to significantly impact the mining landscape. Below Jaran Mellerud, of Hashlabs Mining, forecasts for what lies ahead. Bitcoin’s hashrate will not drop by that much. Contrary to popular belief, this halving will likely not cause a major decrease in the network’s hashrate. After Bitcoin’s first three halvings, the hashrate plummeted by 25%, 11%, and 25%, and it appears many analysts and miners are expecting (or hoping for?) a similar hashrate reduction this time. I concur with Pennyether’s prediction that the forthcoming Bitcoin halving is expected to result in a modest decrease in the hashrate, ranging from 5 to 10%. This prediction is also not far from that of Hashrate Index, which sits at 3-7%. This cautious forecast stems f

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