Mar 30, 2019
36 Views
0 0

Bitmain Focused on 2020’s Halving as the Moment When the BTC Rally Will Begin

Written by

The Crypto
winter seems to near its end, and many people are optimistic and bullish about
the price of Bitcoin. But this excitement is not just a matter of traders and
enthusiasts, the mining community is also optimistic, and not only do they base
their motivation on technical analysis, but they have a charter up their
sleeve: The Bitcoin halving.

This event
will result in a 50% reduction in the tokens generated by the Bitcoin
blockchain for each new block uploaded to the network. Should the behavior of
the market mirror what happened in the previous halvings, it is
very possible that a decrease in the circulating Bitcoins leads to a
new bull run.

Bitmain has played a fundamental role in the development of the Bitcoin ecosystem. This company manufactures most of the miners available on the market while also maintaining the pools with the most hash power in the Bitcoin (and BCH) ecosystem.

courtesy: blockchain.com

READ IN FULL

Article Categories:
EthereumWorldNews · News

Leave a Reply

Your email address will not be published. Required fields are marked *