Halving Bitcoin is a highly anticipated event for industry and activists of crypto assets. This makes Bitcoin has a bullish prospect, because the reward block will be reduced by half. In this third halving the reward will be reduced from 12.5 BTC to 6.25 BTC. This halving will make the demand soar while the amount of willingness is not much. Where will the law of demand and supply that can hoist the price of Bitcoin upwards.

Mining Farm and Miners Can Face Difficulties But besides the anticipated price for this halving,

there are mining farms and miners who are preparing to face new challenges in order to produce Bitcoin. As it is known to get prizes in the form of Bitcoin, miners have to solve complex mathematical problems, and when or after halving the difficulty level of getting rewards can be even more difficult if the hash rate is high (meaning there are more miners on the network) with Bitcoin income that actually decreases. Or it could also decrease the difficulty level if the hash rate is low (meaning there are fewer miners on the network). Although these two schemes are likely to occur, miners are still faced with fewer rewards. For mining farms this will be a challenge how they can provide incentives for miners who work harder while the results are reduced. But the mining farm still has to pour a large amount of electricity and provide hardware to keep the miners' operations running. Therefore, after halving, the smaller mining farms are feared to have to close down because they cannot afford to pay a large enough mining operational costs, as well as to pay the miners who work. "1 second after halving, the cost of producing miners will immediately double. For example, from $ 6,000- $ 7,000 to $ 12,000- $ 14,000. If we take the example of BTC prices at $ 7,100 and it will only rise to $ 9,000. Then many miners will turn off the mining engine and the difficult rate will drop. Which can indicate if miners and mining are small but high electricity costs are forced to stop operating

Although More Difficult, Miners Can Still Reach

Profits Halving can make miners bite their fingers due to the reduction in Bitcoin that is earned, and make investors excited because with the limited number of BTC circulating with an increasingly high level of demand can make the price of BTC rise. However, that does not mean that miners cannot benefit if the price of Bitcoin has increased. But with a note that the resulting increase must be significant enough to cover mining costs. Moreover, miners have been a big part of the puzzle for Bitcoin. Where they are one of the important factors that contribute to a large percentage of the selling pressure at BTC because they really need to liquidate the mined coins to keep their operations going. Apart from other exchanges, the miners are responsible for most of the exchange inflows, and while traders usually buy and sell Bitcoin, the miners only sell. "In halving miners can still be happy, it's just that in this case BTC only rose $ 2,000 for example, from $ 7,000 to $ 9,000 then investors are happy but the miners are ready to suffer. Because the cost of production is not obtained. So if they want to make a profit we have to hope that BTC will increase twice as much, because their rewards are also cut in half, so at least they have to go up at $ 12,000- $ 14,000,

Although miners and mining farms must be faced with difficulties to produce Bitcoin after halving, but that does not mean they will give up. With previous experience dealing with halving and increasingly sophisticated technology this can certainly be overcome. Vice President of Bithumb Global also believes that miners or miners will not easily stop from this mining area.