The Bitcoin rally after the Halving, or cause the Miner to fall in price?
On 11.05.2020 at 19.23 PM (UTC) it was so far. The China-based Miner to Antpool has produced the 630.000-most Block, and the third Bitcoin Halving triggered. Rewards were of 12.5 to 6.25 BTC.
The Halving of 2020 did not materialize under conditions, which remind many of the groundless to the financial crisis from the year 2008 – the Mining reward is now dropped to 50%. The Halving in the year 2012 in the Bitcoin Protocol were the rewards from 50 to 25 units, sink. As a result of the second Halvings, the reward for Mining fell by a further 50 % to only 12.5 BTC. From now on, the Miner will receive for the successful transaction processing, as well as the provision of their computing power, only a Block reward in the amount of 6.25 Bitcoins.
The third Halving event as a Bitcoin Signal was recorded by the network at the 11.05.2020 at 19.23 PM (UTC). In this moments the Mining company Antpool Block no 630.000 created.
Block 629.999 area refers to Nakamoto legendary Embassy & the financial crisis from the year 2008
The Corona pandemic, as well as the extensive rescue operations with cash creations from “Nothing” could lead, in serious cases to an economic downturn of catastrophic proportions. Miner f2pool coined the last of the pre-Halving-Block – a Block that includes a piece of Bitcoin history.
It was the last Block with a 12.5-Bitcoin reward for mining. Part of the block from 2020 a message in the Form of a headline from the New York Times, referring to the financial crisis from the year of creation of the BTC is. The headline is similar to that from the Genesis Block in 2009 by the legendary Bitcoin Creator Satoshi Nakamoto.
The reference takes the message also on a NY Times article that deals with the FED’s bailout plan and the possible economic impact of the Coronavirus pandemic, the US economy and the threat of a worsening of the economic crisis due to the influence of the Federal Reserve.
A total of 1,800 “fresh” Bitcoins were launched in the temporal advance of the Halvings in circulation. The future amount will be for the next four years at 900 Coins per day. The Mining revenue to decline in parallel, from USD 15 million to about eight million USD, which is calculated on the basis of the current rate of around 8,600 USD per BTC.
In the last hours before the Halving, the price remained stable over the threshold of 8,500 USD. “Bitcoiners” to give, at least for the time being optimistic.
According to the latest data 121 Exahashes per second are visible, in the 7-day average of the value it brings to 120 Exhashes/second.
