BTC Miner Revenue To Drop To $6.7 Million Per Day Should It Price Hold Sturdy After Halving

By Dominus1 | My News Gh | 16 Apr 2020


3143414223-758471ac3452fc0baab5ed4ff1303530d69e5d24571a477e72f5df858bd96524.pngBTC miners should expect their revenue fall or divided by two after Halving, meaning next month after the networks block subsidy is cut into BTC mining would not be lucrative as it was.

The halving will see to BTCs block reward fall from it initial 12.5 BTC to 6.25  BTC.

3143414223-dd622674158ffe16e5f75b9d3dbab2533a6988dcaa3207a35fceb1272dfb0feb.jpeg

Estimation currently shows that the BTC halving is bound to take place anywhere

Between May 12 and 13, 2020 but the date could change depending on the production of blocks from now on.

And as The Block's Larry Cermak noted in a column published Monday, miners currently make about $13.4 million a day in terms of revenue (profits depend on the cost of electricity, labor and other expenses).

3143414223-c0a3541695f13a24090eca621dec4eab115dfa9ec2f76a13d7ba92e24e282093.png

But Revenue generation is sure say to change should current prices remain the same after the halving. Thus miners revenue generation will be around $ 6.5 million and $6.7 million daily.

Is There Going To Be Implications? Yes and they are going to be significant for miners in terms of finance.

Miners running inefficient or less capable hardware will be in great pressure especially those affected by recent market gyrations.

3143414223-c2651ba70604082f81eaf3b3f0353540339512127c6b288b3e88d9cf3f2e010b.jpeg

But on the brighter side, miners with great and better hardwares will stand to gain despite the halving next month. Competitively, they will be the gainers as miners with inefficient hardwares will fade out of the system should they not be able to acquire new and better ones.

BTC halving is sure to affect the newbies who would want to engage in BTC mining as it won't be profitable for them.

If you would like to make some mining profit before the halving, then you are welcome to download this efficient browser - The Cryptotab Browser

How do you rate this article?

5


Dominus1
Dominus1

A young Ghanaian with interests in Blogging and Crypto. A Content creator. Am an avid football fan and a 3D Epoxy installer.


My News Gh
My News Gh

Look forward as i delve real deep in the world of cryptos and browsers as well as general breaking news in the World. Remember to tell a friend to tell a friend to tell another friend.

Send a $0.01 microtip in crypto to the author, and earn yourself as you read!

20% to author / 80% to me.
We pay the tips from our rewards pool.