Author: Neil 2014-10-28 21:34:16
Published on: 2014-10-28T21:34:16+00:00
The author of the context discusses the economic implications of a halving in price versus a halving in rewards for bitcoin mining. The fees that miners receive for processing transactions become a larger portion of their total revenue when block rewards are cut in half. Coincidentally, the price of bitcoin has also decreased by 50% from early July to mid-October. However, the author does not believe that this is significant and does not expect to see a corresponding drop in difficulty for mining.
Updated on: 2023-06-09T03:43:42.025989+00:00