BTC’s fourth halving is just around the corner. Let’s casually chat about it!

Table of Contents

We are about to witness the fourth halving of Bitcoin, where the Bitcoin produced per block will decrease from 6.25 to 3.125. With less than 24 hours left until the fourth halving, let’s have a casual fireside chat about this significant event on the eve of the big time!


When it comes to halving, people are particularly sensitive. Fundamentally, it’s not the reduction in output that concerns them, but the potential for significant price volatility. Just as in the early days of Bitcoin when miners could unearth 50 coins at a time without much concern, nowadays, with prices soaring past $60,000, even mining an extra 0.01 Bitcoin faster than others is a cause for celebration.


So, does the halving directly cause the price to skyrocket? SCMINER notes that historically, each Bitcoin halving has been followed by a significant bull market. However, it’s difficult to establish a direct causal relationship between the two. It’s probably more accurate to say there is a correlation. Nevertheless, since March this year, there has been an optimistic sentiment in the Bitcoin market that “post-halving, Bitcoin will definitely break $100,000.”

Here, SCMINER reminds everyone to be aware of the investment risks, while also sincerely hoping that the bull market will bring significant profits to all our miner friends at SCMINER.


(Changes in Bitcoin’s price and the overall network hash rate during the past three halvings)


Some miners might wonder: Will our income halve after the production cuts? Will it be harder to mine coins? Is my mining rig about to become obsolete? The answer to these questions is not necessarily. The key to continued profitability lies in the current coin price and the competitiveness of your machine’s hash rate, both of which are dynamic. Other factors include electricity costs and changes in local policies.


If the price can break $200,000 after the fourth halving, even retired models like the ANTMINER S9 13T might have a chance to come back into operation. Various models of ASIC miners would then rush to mine, pushing the global hash rate to new highs, making mining challenging. However, if the price falls below $40,000, even a powerhouse like the ANTMINER S21 Hyd 335T could continue to make money. As lower-powered miners drop out due to unprofitability, the global hash rate would decrease, making it easier for the high-powered rigs to mine.


2024 is likely to be a year of severe price volatility. Miners looking to remain unphased by the bulls and bears and keep profiting will need the next generation of miners with even lower energy efficiency ratios, such as the ANTMINER T21 190T and ANTMINER S21 200~335T. Their high computational power gives miners a great sense of security, allowing them to focus solely on mining without worrying about shutting down. As early as 2023, many publicly traded mining companies, including CleanSpark and Iris Energy, began preparing for this halving. They pre-ordered large quantities of ANTMINER T21 190T and ANTMINER S21 200~335T to ensure they remained competitive during the halving. Many mining giants also moved a significant number of high-efficiency miners like the ANTMINER S19 to places like North Africa where mining costs might be lower, hoping to maintain strength after the halving by reducing costs and keeping such machines profitable. (Click here for more details on ANTMINER T21 and ANTMINER S21)


(According to F2POOL data, global hash rate reached 684E on the eve of the fourth halving)


Finally, SCMINER wants to remind everyone that all investments carry risks, and decisions should be made cautiously.

SCminer is the world’s most renowned international mining equipment trader and a core agent for manufacturers such as Bitmain and Goldshell, with the advantage of priority sales.SCminer’s sales team has been serving miners in dozens of countries globally since 2017, possessing ample experience and outstanding integrity to maximize your value!

SCminer Marina

Ответы приходят в течение дня

Здравствуйте, добро пожаловать на сайт SCminer. Пожалуйста, нажмите на кнопку ниже, чтобы пообщаться со мной через Telegram

Прокрутить вверх
Blank Form (#4)