Impact of Halving on Bitcoin Mining

[wilkine]

The upcoming Bitcoin halving is seen as a potential trigger for the next bull run. However, given that the current annualized issuance rate is already at a meager 1.6% and nearly 94% of Bitcoins are already in circulation, the expected supply shock from the halving is likely to have only a minimal impact on Bitcoin prices.
However, growing demand will be the main factor driving the price surge. A bull market is still possible after the halving. Moreover, the halving brought more attention to Bitcoin. We can see various news about the halving event. But how long can this kind of marketing last?

[Ambatman]

Your thread is different from the title. It should be impact of halving in the market not in Bitcoin halving. The impact of am to answer your title is that it reduces the amount of BTC that can be mined per block thus increasing the cost of mining. Now this increment in cost and reduction in quantity that can be produced is what brings about the notion of this massive bull Run. The belief is buying Now is way cheaper than buying later since the supply is getting smaller and smaller.
Well in coming years(give or take let's say the next 20-50 years ) halving effect wouldn't be this over excited over.
In a nutshell,  the reduction in the number of Btc that can be mined is what makes it more appealing to investors thus price rising.

[TomPluz]

For this year's bull run the main triggers are two things: the recent approval of ETFs and the soon-to-happen halving and if you noticed it already both events are centering on demand. ETFs for sure are the huge driving force for the demand of Bitcoin and with halving there will be 50% reduction on what can be mined by miners which mean there can be lesser supply. And with more demand and lesser supply, we can expect that BTC's price will increase exponentially with some predicting that it can soon be $150K before the end of the year and even more. Well, I am saying that aware that nobody can really be sure of what can be as we are all just speculating here making BTC one of the most speculative assets of all time.

[rizqillah]

For this year's bull run the main triggers are two things: the recent approval of ETFs and the soon-to-happen halving and if you noticed it already both events are centering on demand. ETFs for sure are the huge driving force for the demand of Bitcoin and with halving there will be 50% reduction on what can be mined by miners which mean there can be lesser supply. And with more demand and lesser supply, we can expect that BTC's price will increase exponentially with some predicting that it can soon be $150K before the end of the year and even more. Well, I am saying that aware that nobody can really be sure of what can be as we are all just speculating here making BTC one of the most speculative assets of all time.

The bitcoin ETF was very influential in the high demand for bitcoin this year until the price of bitcoin touched a new ATH of $73K. This is very good for bitcoin holders who have bought in late 2022 and early 2023. They are already making a profit. With the halving where the reward miners only get 50%, with high demand it can be predicted that the price of bitcoin will rise. And likely over $100K later this year.

[Z-tight]

Your subject talks about halving and BTC mining, but not once did you mention or talk about that in the content of your post.

Moreover, the halving brought more attention to Bitcoin. We can see various news about the halving event. But how long can this kind of marketing last?

The BTC halving is not marketing, it is part of the BTC protocol, mining reward is halved after every 210,000 blocks, until the 21m BTC's have been mined, it has nothing to do with marketing. The only reason why many people get interested in periods like this is because supply is halved and with the same or higher demand, the price will surge, which will help them make returns on the BTC's they bought.

[tranthidung]

Your subject talks about halving and BTC mining, but not once did you mention or talk about that in the content of your post.

Moreover, the halving brought more attention to Bitcoin. We can see various news about the halving event. But how long can this kind of marketing last?

The BTC halving is not marketing, it is part of the BTC protocol

Bitcoin is Bitcoin and Bitcoin halving is an event.

Fortunately, with each Bitcoin halving event, months before and after a halving, there will be a lot of noise on media and social media which can be considered as 'free' marketing for Bitcoin.

No budget has to spend for this 'free' marketing which surely is helpful for Bitcoin. More noise, more exposure on media, more people know about Bitcoin, and with its bull run, new people with new capital will join this market. It's what happened with past three halvings and past three market cycles.

Will this time be different? No.

[Lucius]

~snip~
Will this time be different? No.

What is certainly different is that the ATH happened before the halving, but also that the last absolute bottom went so low that it broke even the previous ATH from 2017. Of course, all this happened for a reason (Do Kwon, Bankman, spot ETFs), but it shows that you should always count on something unforeseen.


As for the impact of halving on miners/mining, I think that some of them will possibly give up (at least temporarily) because it will not be profitable for them to mine considering that the reward will be reduced by 50%, and some posts I have read from people who are a little more familiar with mining say that the current price + new reward are not very profitable.  However, a little more than 1.3 million BTC are available for mining and the interest will surely be high for years to come.

[Z-tight]

Bitcoin is Bitcoin and Bitcoin halving is an event.

I don't really know what fact i said you are disputing, BTC halving is an inclusion in the BTC protocol, which halves the BTC supply after every 210,000 blocks. It may be an 'event' to bitcoiners, but it does not change the points i made in my previous reply.

[Crypto Library]

The upcoming Bitcoin halving is seen as a potential trigger for the next bull run. However, given that the current annualized issuance rate is already at a meager 1.6% and nearly 94% of Bitcoins are already in circulation, the expected supply shock from the halving is likely to have only a minimal impact on Bitcoin prices.
However, growing demand will be the main factor driving the price surge. A bull market is still possible after the halving. Moreover, the halving brought more attention to Bitcoin. We can see various news about the halving event. But how long can this kind of marketing last?

First we need to know that Bitcoin halving is  If we try to find the meaning of halving then it means half. In cryptocurrency parlance, specifically when Bitcoin's block reward halves, it's called the Bitcoin Halving, and it happens every four years. As a result of bitcoin halving, the reward decreases, miners have to sell bitcoins to run its mining cost and in this case the market is impacted and we see bull season. Now coming to your question how long it will last in the market.  Bitcoin's mining protocol is setup from the beginning in such a way that as long as the number of miners increases, the miners have to face difficulties in mining and this is only for halving.  And if we look at the full mining of 21 million bitcoins, it will take 2140 years to estimate the ratio of this website.  Now no one can tell about the future but crypto currency is a revolution hopefully it will be bigger in future.

[Sunderland]

The upcoming Bitcoin halving is seen as a potential trigger for the next bull run. However, given that the current annualized issuance rate is already at a meager 1.6% and nearly 94% of Bitcoins are already in circulation, the expected supply shock from the halving is likely to have only a minimal impact on Bitcoin prices.
However, growing demand will be the main factor driving the price surge. A bull market is still possible after the halving. Moreover, the halving brought more attention to Bitcoin. We can see various news about the halving event. But how long can this kind of marketing last?

If we look at the history of bitcoin prices after having in 2016, bitcoin prices rising high 6 months after the halving.
And in 2020 halving, the prices rising high 12 months after the halving.
So, the hype from this halving might last until next year.
And another supporting factor is that after the halving, bitcoins supply from the miners will be less, if the demand remains the same or even more =the price up

[_act_]

A bull market is still possible after the halving.

Your topic is different from your post. In your topic, you were talking about impact of halving on bitcoin mining and not bitcoin price but in your post you talked about effect of halving on bitcoin price. You can see how different they both are. If you are talking about the effect on the price, bull run is still coming till 2025.

[Rubel007]

The upcoming Bitcoin halving is seen as a potential trigger for the next bull run. However, given that the current annualized issuance rate is already at a meager 1.6% and nearly 94% of Bitcoins are already in circulation, the expected supply shock from the halving is likely to have only a minimal impact on Bitcoin prices.

When the Bitcoin halving happens, the demand for Bitcoin will automatically increase at the price of Bitcoin will continue to increase. It is not known exactly how long the Bitcoin price will increase after the halving. We may see post-halving effects in the next year or so. Miners currently get 6.25 as block reward at this halving of bitcoins from each block and after this halving their block reward will be 3.125. When miners' block rewards decrease, ultimately they will try to hold on to their bitcoins and the price of bitcoins will continue to rise.

[Tribalchief]

Impact of Halving on Bitcoin Mining

The topic really sounded like something we were supposed to learn from, but it turns out to be a topic where everyone has to share their own opinion. Next time, you should try relating things to give them proper meaning.

However, growing demand will be the main factor driving the price surge. A bull market is still possible after the halving. Moreover, the halving brought more attention to Bitcoin. We can see various news about the halving event. But how long can this kind of marketing last?

You are not far from the truth, but I doubt if there is a possibility that Bitcoin would break its all-time high twice in the same calendar year. The spot Bitcoin ETF approval was the catalyst that propelled this new all-time high and current uptrend, though we never saw this coming in the first to second week after approval. With this previous activity that had a massive impact on the price of Bitcoin, the impact of halving would be in doubt. The price might continue the same way or might even experience a downtrend. There is clear uncertainty for this year's halving.

So, the hype from this halving might last until next year.

This hype might not even have any effect if the real market makers don't perform certain actions. Due to the fact that we've witnessed a new all time high before halving, history might find it very difficult in repeating itself.

[bayu7adi]

Will this time be different? No.

Something I like about this confident answer, the media nowadays really need money, they have to present news that has a big impact on the world, especially the economy... and the Bitcoin halving is really there. Currently, I still believe that the previous 3x halving cycle will occur again in this fourth halving. I think many people are preparing to welcome the halving this time, that's why I myself shouldn't miss this precious moment.

Then the media wants to take advantage of this condition as a traffic generator for themselves to make money for them too. A win win solution that has a good impact on all elements involved in the Bitcoin halving.

[Fivestar4everMVP]

The upcoming Bitcoin halving is seen as a potential trigger for the next bull run. However, given that the current annualized issuance rate is already at a meager 1.6% and nearly 94% of Bitcoins are already in circulation, the expected supply shock from the halving is likely to have only a minimal impact on Bitcoin prices.
However, growing demand will be the main factor driving the price surge. A bull market is still possible after the halving. Moreover, the halving brought more attention to Bitcoin. We can see various news about the halving event. But how long can this kind of marketing last?

Let's just say that the halving marketing does last atleast, until the halving happens, and it's all over, then after that, the bull run sets in and another round of marketing starts again, and this time, no longer about the halving, but about the bull run itself, a lot of people are going to be posting, tweeting, creating contents, with predictions on what price they expect bitcoin to reach and stamp as a new all time high before it starts dropping, this is also a very good marketing for the bull run since it causes panic and fomo amongst alot of crypto people, and majorly those who are new to the crypto currency ecosystem, every one will want to have a slice of the cake, causing them all to pour in money and the price rises even further and further.

And again, it's important we all know that the coming halving won't act or be the catalyst that will trigger the coming bull run, we have alot of good stuffs already, and other good stuffs are coming as well, by good stuffs, I mean good news, news that creates strong fomo and bullish sentiments, all this are gonna act as the catalyst that will power the coming bull run.