Hello everyone how are you doing I am good, today I am going to share my knowledge about the Bitcoin mining and the effect of halving on it. I hope it would be informative for my friends.

Source

As its obviously clear to traders when there is rise in the price of BTC it has direct effect on BTC mining it tends to move in up. So it can be evident the ratio of profit is directly related to rise in value of BTC. It was clear in last year when the price of BTC shown increases trend of 150% the stock of mining also observed at peak.

As the crypto lovers knew that bitcoin halving event takes place on the 19the of the April and the obvious changes were noticed. But if we see algorithms data it can be further explained that the more clear effect on mining would be seen in the next 12 months.

What happen to miners as the halving event takes place?

As the event of halving taking place the revenue or rewards for mining also noticed to be dropped by 1/2 ratio, so we can see that the revenue of miners could also show decreasing tendency by half ratio.Definitely it affected the lives miners as their revenue and income reduced to almost 50 %.

Source

So, the history gas shown when their is the event of halving occurred it leads to a feeling of uncertain among the people. So there is always need to be prepared ourselves for the new changes and looked our for new business if they totally rely on mining for their livelylhood.

Now we will see what will be situation if the miners are looking to sell their assets in large amount just to combat the need of revenue short fall, it can be further clear by an example.

As the month of June started the miners has sold about $200 million dollars of the BTC. Resultantly the assets of these miners observed to a lower level of past 14 years.

Source

Obviously the miners wanted to move safe side but it does not make a good worth why they sold the large amount of asset as it become the reasons for lowering price of BTC by putting negative pressure.

For example the BTC trade which was observed $73750 noticed about 3 months ago showed highly lower tendcy and now it is on $60,000 value only.

But there is always a high hopes for investment and traders as in coming months there would be bounce in BTC ecosystem and the miners would also see good fortune.

Thank you for reading my post.

Kind regards

@drhira