Bitcoin, like any other digital commodity is subject to fluctuations.
One thing that’s unique to bitcoin in general is the ‘halving phenomenon’, where coin creation will be reduced to half its original size.
Bitcoin experts and investors know that this is set to occur this month of May 2020. The question is, which mining company can say that they’re safe from the halving?
Bitcoin halving happens every four years and will make the rate of earning slow down to 6.25 BTC from 12.5 BTC. The first occurrence happened in 2012 where block mining was originally 50 BTC; afterwards, the ceiling became 25 BTC.
It’s worthy to note that during these ‘halvings’ the price of bitcoin went up. While it’s true that there may be other forces in play, miners and investors alike should plan ahead if they want to come out on top.
Hashmine.io Safe After Halving
Hashmine.io is one of the top cryptocurrency mining companies around. It’s safe to say that given its track record, Hashmine.io will still function and continue to offer superb cloud mining services for crypto traders and entrepreneurs.
For one, it already has a contingency plan and ways on how to protect its customers. Profitability on both sides won’t suffer; more importantly, cashing out and earning money will still be the same according to the subscriber’s plan.
Experts believe that bitcoin halving will alter the crypto landscape. Cash flow issues will become apparent on miners’ sides, and some may be forced to close or give up on mining. Halving equals half revenue and may be further affected by price, energy costs, difficulty and more.
Hashmine.io subscribers won’t have to worry, as the company is well-prepared for the eventuality. The cloud mining service will still be operating long after the halvening is completed and continue to serve its clients.