• About
  • Landing Page
  • Buy JNews
SB Crypto Guru News- latest crypto news, NFTs, DEFI, Web3, Metaverse
  • HOME
  • BITCOIN
  • CRYPTO UPDATES
    • GENERAL
    • ALTCOINS
    • ETHEREUM
    • CRYPTO EXCHANGES
    • CRYPTO MINING
  • BLOCKCHAIN
  • NFT
  • DEFI
  • WEB3
  • METAVERSE
  • REGULATIONS
  • SCAM ALERT
  • ANALYSIS
No Result
View All Result
  • HOME
  • BITCOIN
  • CRYPTO UPDATES
    • GENERAL
    • ALTCOINS
    • ETHEREUM
    • CRYPTO EXCHANGES
    • CRYPTO MINING
  • BLOCKCHAIN
  • NFT
  • DEFI
  • WEB3
  • METAVERSE
  • REGULATIONS
  • SCAM ALERT
  • ANALYSIS
No Result
View All Result
SB Crypto Guru News- latest crypto news, NFTs, DEFI, Web3, Metaverse
No Result
View All Result

The 2024 Bitcoin Halving: A BTC Worth Increase or a Survival Disaster for Miners?

SB Crypto Guru News by SB Crypto Guru News
February 19, 2024
in Bitcoin
0 0
0
The 2024 Bitcoin Halving: A BTC Worth Increase or a Survival Disaster for Miners?


With 2024 already underway, the anticipation in crypto circles is hitting a fever pitch as everybody braces for Bitcoin’s halving – an occasion that might reshape its market panorama. It deserves to be seemed into as traditionally this occasion sparked transformative waves throughout the crypto scene. Understanding what we have realized from earlier halvings, we’re set to steer forward with a eager eye, ensuring our strikes are formed by these insights. However is that this upcoming halving any totally different? Let’s determine it out.

From Digital Gold to Uncommon Platinum: Bitcoin’s Story of Growing Shortage and Worth

Bitcoin design is all about making BTC much less and fewer obtainable over time, protecting inflation in verify. There’s a set cap of 21 million Bitcoins to ever exist, and we’ve already hit the 19.62 million mark. The shortage of Bitcoin, with its strictly restricted launch into the market, is a serious cause why folks name it “digital gold” – as each these belongings have that “onerous to return by” high quality.

Considering of the Bitcoin blockchain as a ticking clock, we are able to see that halving happens each 210,000 blocks, or about each 4 years, with the reward for mining new blocks getting chopped in half. It’s been this fashion since Bitcoin’s kick-off in 2009, beginning at 50 BTC per block and heading down to three.125 BTC in 2024.

The Inventory-to-Circulate ratio, which compares current provide to new cash coming in, reveals Bitcoin is about to get rarer than a platinum album. By 2032, after the 2024 and 2030 halvings, Bitcoin’s shortage will soar, so it is going to be much more of a gem than gold.

Supply: LookIntoBitcoin

Bitcoin’s Submit-Halving Progress Patterns

Let’s take a stroll down Bitcoin’s reminiscence lane. After every halving, Bitcoin’s value has skyrocketed. Submit the 2012 halving, simply 100 days later, the market cap exploded by 342%. Much more spectacular, the height value hit a staggering $1,152 the following yr, an 8,761% leap. Flash ahead to 2016: rewards halved from 25 to 12.5 BTC, and the worth soared to $17,760 the next yr, a 2,572% bounce. The newest halving in 2020 noticed the reward drop to six.25 BTC, and Bitcoin’s value did not disappoint, hitting $67,549 the following yr, marking a strong 594% progress.

If we play armchair mathematicians for a bit, we are able to have a look at how Bitcoin’s progress price decreased after previous halvings – by 70.64% from halving one to 2 and by 76.91% from two to 3 – and common out these decreases to land at a progress price lower of 73.78%. We then slap this onto the 594.03% progress submit the third halving and – voila – we get a speculative progress price of 155.79% after the 2024 halving. This implies Bitcoin might probably hit round $111,807 between one to 1 and a half years after the upcoming halving. However let’s be clear: this all is merely hypothesis and positively not one thing to base your funding choices on.

Miners’ Survival of the Fittest

For Bitcoin miners, the 2024 halving shall be an uphill battle. With rewards slashed in half, miners working with outdated gear and dealing with excessive electrical energy payments shall be caught between a rock and a tough place. In Italy, for instance, mining a single Bitcoin can attain as a lot as a luxurious Lamborghini Huracán or a Porsche 911 Turbo S, with prices hovering as much as $208,560.

Supply: CoinGecko

The 2024 halving will remodel the mining panorama right into a scene harking back to ‘The Starvation Video games,’ the place solely the strongest miners, armed with probably the most environment friendly expertise and entry to inexpensive power, will survive. This halving shall be like the last word enviornment, a take a look at of technique and resilience, the place solely these outfitted with savvy cost-effective techniques will emerge as victors within the aggressive battleground.

Closing Ideas

So, the 2024 Bitcoin halving is poised to noticeably shake issues up, with main modifications in mining operations and a possible massive swing in Bitcoin’s value. The forthcoming halving occasion mingles hard-hitting financial theories with cutting-edge tech strides, all wrapped up in that unmistakable crypto attract. Whether or not you’re mining, hodling, or simply watching from the sidelines, seize your popcorn – this can go down within the books!

It is a visitor submit by Maria Carola. Opinions expressed are completely their very own and don’t essentially mirror these of BTC Inc or Bitcoin Journal.



Source link

Tags: BitcoinBitcoin NewsBoomBTCcrisisCrypto NewsCrypto UpdateshalvingLatest News on CryptominersSB Crypto Guru NewsSurvival
Previous Post

From AllianceBlock to Nexera: Digital Asset Neighborhood Development

Next Post

High 5 Cryptocurrencies With Most Potential For 100x Returns

Next Post
High 5 Cryptocurrencies With Most Potential For 100x Returns

High 5 Cryptocurrencies With Most Potential For 100x Returns

  • Trending
  • Comments
  • Latest
The Metaverse is Coming Back! – According to Meta

The Metaverse is Coming Back! – According to Meta

February 7, 2025
Meta Pumps a Further  Million into Horizon Metaverse

Meta Pumps a Further $50 Million into Horizon Metaverse

February 24, 2025
How to Get Token Prices with an RPC Node – Moralis Web3

How to Get Token Prices with an RPC Node – Moralis Web3

September 3, 2024
AI & Immersive Learning: Accelerating Skill Development with AI and XR

AI & Immersive Learning: Accelerating Skill Development with AI and XR

June 4, 2025
NFT Rarity API – How to Get an NFT’s Rarity Ranking – Moralis Web3

NFT Rarity API – How to Get an NFT’s Rarity Ranking – Moralis Web3

September 6, 2024
Samsung Unveils ‘Moohan’ to Compete with Quest, Vision Pro

Samsung Unveils ‘Moohan’ to Compete with Quest, Vision Pro

January 29, 2025
U.S. Lawmakers Gear Up for Groundbreaking Blockchain Bills

U.S. Lawmakers Gear Up for Groundbreaking Blockchain Bills

0
Bitcoin Treasury Companies Are Bubbles

Bitcoin Treasury Companies Are Bubbles

0
Trader Unveils Bullish Targets on ‘Promising’ Bitcoin, Updates Outlook on Ethereum, Dogecoin and Solana

Trader Unveils Bullish Targets on ‘Promising’ Bitcoin, Updates Outlook on Ethereum, Dogecoin and Solana

0
Ethereum Price Targets ,000 As Analyst Calls It A ‘Powder Keg’

Ethereum Price Targets $3,000 As Analyst Calls It A ‘Powder Keg’

0
Ripple To Replace SWIFT? XRP Analyst Breaks Down Recent Developments

Ripple To Replace SWIFT? XRP Analyst Breaks Down Recent Developments

0
SIFMA Pushes Back on Crypto Plans for Tokenized Stocks

SIFMA Pushes Back on Crypto Plans for Tokenized Stocks

0
Trader Unveils Bullish Targets on ‘Promising’ Bitcoin, Updates Outlook on Ethereum, Dogecoin and Solana

Trader Unveils Bullish Targets on ‘Promising’ Bitcoin, Updates Outlook on Ethereum, Dogecoin and Solana

July 5, 2025
Ethereum Price Targets ,000 As Analyst Calls It A ‘Powder Keg’

Ethereum Price Targets $3,000 As Analyst Calls It A ‘Powder Keg’

July 4, 2025
Ripple To Replace SWIFT? XRP Analyst Breaks Down Recent Developments

Ripple To Replace SWIFT? XRP Analyst Breaks Down Recent Developments

July 4, 2025
Nasdaq-Listed DeFi Technologies Sets Up Shop in Dubai to Tap MENA’s Crypto Boom

Nasdaq-Listed DeFi Technologies Sets Up Shop in Dubai to Tap MENA’s Crypto Boom

July 4, 2025
Bitcoin Treasury Companies Are Bubbles

Bitcoin Treasury Companies Are Bubbles

July 4, 2025
U.S. Lawmakers Gear Up for Groundbreaking Blockchain Bills

U.S. Lawmakers Gear Up for Groundbreaking Blockchain Bills

July 4, 2025
SB Crypto Guru News- latest crypto news, NFTs, DEFI, Web3, Metaverse

Find the latest Bitcoin, Ethereum, blockchain, crypto, Business, Fintech News, interviews, and price analysis at SB Crypto Guru News.

CATEGORIES

  • Altcoin
  • Analysis
  • Bitcoin
  • Blockchain
  • Crypto Exchanges
  • Crypto Updates
  • DeFi
  • Ethereum
  • Metaverse
  • Mining
  • NFT
  • Regulations
  • Scam Alert
  • Uncategorized
  • Web3

SITE MAP

  • Disclaimer
  • Privacy Policy
  • DMCA
  • Cookie Privacy Policy
  • Terms and Conditions
  • Contact us
  • Disclaimer
  • Privacy Policy
  • DMCA
  • Cookie Privacy Policy
  • Terms and Conditions
  • Contact us

© 2025 JNews - Premium WordPress news & magazine theme by Jegtheme.

Welcome Back!

Login to your account below

Forgotten Password?

Retrieve your password

Please enter your username or email address to reset your password.

Log In
No Result
View All Result
  • HOME
  • BITCOIN
  • CRYPTO UPDATES
    • GENERAL
    • ALTCOINS
    • ETHEREUM
    • CRYPTO EXCHANGES
    • CRYPTO MINING
  • BLOCKCHAIN
  • NFT
  • DEFI
  • WEB3
  • METAVERSE
  • REGULATIONS
  • SCAM ALERT
  • ANALYSIS

© 2025 JNews - Premium WordPress news & magazine theme by Jegtheme.