The Bitcoin Halving Approaches: Miners BitFury and BTCC Not Concerned

The second-ever Bitcoin block reward halving is estimated to take place in a small underneath dual weeks, and a altogether effects of this eventuality are still rather of an unknown. There has been a runup in a Bitcoin cost over a past month, and many explain this is due to a arriving halving, where a series of new bitcoins combined roughly each 10 mins is cut in half (from 25 to 12.5).

To get some sensitive opinions about what could occur next, Bitcoin Magazine reached out to BitFury CEO Valery Vavilov and BTCC COO Samson Mow. BitFury manufactures ASIC Bitcoin mining chips (and mines with them), and BTCC controls one of a largest Bitcoin mining pools (in further to other Bitcoin-related services).

A Slight Drop in a Network Hashrate

Although Vavilov and Mow were contacted separately, they had identical views on a arriving Bitcoin halving. One of a many common, possibly-negative effects of a halving discussed in a past has been a thought that a network hashrate will decrease as a outcome of a reduce series of bitcoins expelled to miners on a unchanging schedule.

In terms of this probable issue, Vavilov stated:

“Some decrease in

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