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September 23, 2020
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Bitcoin

What happened to the hash rate and minor income after the Bitcoin half-life?


Looking back on the key indicators after the bitcoin half-life, Bitcoin (BTC) reached its “half-life” in May, when the miner’s block approval fee was halved from 12.5BTC to 6.25BTC. After the half-life, there is a concern that inefficient miners who are unable to make a profit will be forced to stop mining and their BTC will be sold. Furthermore, if miners withdraw from each other in succession, computing power will be concentrated on some mining companies, which may cause problems such as “51% attack” that threaten network security. For this reason, the change in hash rate after the half-life is a major factor in BTC price formation.

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