Bitcoin production is halved, subsidizing millions of BTC

Bitcoin has ushered in its third production cut in the early morning of May 12, 2020, and the block mining reward has been halved from 12.5 BTC to 6.25 BTC.

Many people have begun to make bold predictions about the price of Bitcoin after the halving. Billionaire Tim Draper believes that the price of Bitcoin may rise to $250,000. Economist Preston Pysh believes that the price of Bitcoin may soar to $300,000 after the halving. Raoul Pal, a former GS hedge fund manager at Goldman Sachs, predicts that the price of Bitcoin will reach $1 million in 3 years.

The block mining reward is halved. In order to protect the interests of new and old users, the platform decided not to adjust the output before the computing power difficulty is adjusted, and to maintain the output before halving (that is, the estimated output per T per day is 0.0000156btc). This is the first platform in the industry to help you bear the 7-day mining reward halving loss!

The difficulty of Bitcoin mining is generally adjusted every 14 days. The halving during the adjustment period will affect some computing power output income. However, after the adjustment, the difficulty will often decrease, and the output income may be restored. After the difficulty of the entire network is adjusted, the mining gold exchange will synchronize the output value of Bitcoin block mining rewards for the entire network.

In the past, every reduction in Bitcoin production would usher in a new bull market. The Mining and Gold Exchange will work with you to witness a new wave of digital economy.

Thank you to all users for your support of the Mining Gold Exchange. If you have any questions, please feel free to consult the customer service lady~