Bitcoin (BTC) may be over seven times higher than at its last halving, but if history repeats, that number could grow another 300% and more.As tracked by on-chain data source Ecoinometrics this month, BTC/USD has the potential to eclipse estimates simply by following historical precedent.Bitcoin: Compared to 2017, you ain’t seen nothing yetBitcoin currently trades 7.3 times its … [Read more...] about Bitcoin will peak at $253K, Ethereum at $22K this cycle if 2016 halving bull run repeats
Halving
Bitcoin Halving: What Happened and What Does It Mean for Miners
As a miner, you have already noticed how your profit from mining was reduced by half yesterday. Your hashpower, as well as the network’s remained the same however the reward per mined block dropped by 50%, from 12.5 to 6.25. What happened is that yesterday May 11th, the 630,000th block was mined, which led to a planned halving of reward per block. Over its 11 years of … [Read more...] about Bitcoin Halving: What Happened and What Does It Mean for Miners