Miners Will NOT Capitulate After Bitcoin Halving

Written by Terry | Published 2020/05/10
Tech Story Tags: bitcoin | halving | halvening | bitcoin-spotlight | latest-tech-stories | bitcoin-halving-explained | bitcoin-having-in-depth | what-is-mining-capitulation

TLDR The biggest Bitcoin event will approximately take place on May 11, in just a week from now. Bitcoin Halving means that the block reward for Bitcoin will decrease from 12.5 coins per block to 6.25. The design of Bitcoin is deflationary which means that not only the issuance of Bitcoins decreases over time, it will eventually end and no more Bitcoins will ever be created. It seems that Mining Capitulation is not necessarily a lie, it just didn’t happen yet. Bitcoin has been able to recover quite well, currently trading at $7,100.via the TL;DR App

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Written by Terry | Do you think it might be a good idea to follow some crypto enthusiast? Well, I'm your guy.
Published by HackerNoon on 2020/05/10