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Re: moneyman51 post# 63051

Saturday, 12/02/2023 12:23:55 AM

Saturday, December 02, 2023 12:23:55 AM

Post# of 63466

and the halving will make things harder and produce less


https://blog.hiveblockchain.com/the-bitcoin-halving-and-its-impact-on-miners/

“While the halving continuously lowers the amount of compensation in native bitcoin token terms, we haven’t seen the same thing in USD-denominated terms. Over time, miners have been compensated for their continued work as the price adjusts to the lack of new supply. Because bitcoin’s price is largely dependent on supply and demand, when the issuance is halved and provided demand remains the same, the price may be pressured to rise, all else equal.“

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