After much anticipation, Bitcoin (BTC) finally went through the fourth halving in its history. On Friday (19), block 840,000 marked the cut in the issuance of new BTC from 6.25 BTC to 3.125 BTC per block, after about four years.
As a result, the daily issuance of new Bitcoins fell from around 900 to 450, with just over 1 million BTC remaining to be mined. In this way, the supply of the cryptocurrency has become even scarcer, which should put pressure on BTC prices upwards.
However, the halving also represented a 50% cut in miners’ revenue, the majority of which comes from block rewards. This drop tends to add new challenges to the activity and require more efficiency from miners. At the same time, the halving also opens up excellent opportunities for the emergence of other business models.
Rates soar post-halving
With each Bitcoin halving, the tendency is for revenue from transaction fees to take up a larger share of miners’ income. As the block reward falls, the burden of mining itself gives way to the return from transaction fees.
In this sense, miners experienced record gains from transaction fees shortly after the halving. Block 840,000, for example, raised no less than 37.1 BTC in fees alone, or around R$13 million based on the current price.
By way of comparison, this value is, in reais, almost 10 times the value of BTC mined per block before the halving. And fee activity continued to rise, with the average value of a BTC transaction rising to $11, compared to around $7.00 before the halving.
This growth is largely due to the launch of the RUNES token, from the Runescape protocol, which occurred before the halving. The new protocol allows the creation of tokens and memecoins within Bitcoin, providing yet another activity option for the network. And this activity generated revenue of more than R$110 million for miners, compared to R$35 million before the halving.
But it’s worth noting that much of this movement in Runescape is speculative, which means that transaction fees shouldn’t stay at this high level for long. Therefore, halving also opens up other opportunities to invest in mining without having to spend a lot of money.
Mining without machines
Bitcoin mining involves very high costs, especially with the purchase of equipment and electricity, which makes this investment quite high. Few investors manage to become profitable through direct mining, especially if they live in countries where the cost of electricity is high.
But there is a way to expose yourself to Bitcoin mining post-halving without having to invest large sums. And this way is through one of the most promising pre-sales on the market: Bitcoin Minetrix (BTCMTX).
The native token of the Bitcoin Minetrix ecosystem is a utility cryptocurrency that allows investors to receive good returns by exposing themselves to mining. This is because the token provides a complete cloud mining ecosystem that is responsible for making investments in purchasing machines.
By purchasing BTCMTX, token holders will have access to this cloud system. The system then distributes profits from block rewards based on the total value of each investor’s stake.
With this, BTCMTX stakers receive cloud mining credits and can redeem them in exchange for BTC earnings. And with halving, BTCMTX allows exposure to the most efficient miners remaining after the halving, which increases profits from the activity. You can secure yourself a slice of the high profits that miners are collecting in fees.
The success of the halving saw the pre-sale raise more than US$13 million with just over five days to go before its launch. The token will arrive on exchanges on April 28th, so secure your tokens now and take advantage of the pre-sale conditions.
Source: https://www.criptofacil.com/impacto-do-halving-na-mineracao-de-bitcoin-oportunidades-e-desafios/
