Cryptopolitan
2020-02-16 23:58:32

Bitcoin mining costs set to rise post halving says Tradeblock

Bitcoin mining costs will rise sharply after the upcoming BTC halving event, says a report published by the crypto analytics firm Tradeblock. The cost to mine one Bitcoin will be more $12,500. Set to happen in May 2020, the halving is significant from many viewpoints. The break-even costs associated with mining Bitcoin will significantly increase as the number of BTC available for mining will plunge to 50 percent. The reduction in supply will also reduce the margin of miners. A miner would have to look for innovative ways to supplement their income post BTC halving considering that charges on mining

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