This will be the most brutal Bitcoin Halving in history.

BITMEX:XBTUSD   Bitcoin / US Dollar Perpetual Inverse Swap Contract
Production cost is about to double to $14,000.
70% above the current price.

Last halving, price was just 10% below Production cost, and Price & Hash Rate collapsed -20%.

Bitcoin Production Cost script just updated with the latest data:
- CBECI electrical data as at 11 May 2020
- Now uses 2 week rolling data for finer granularity (while balancing TradingView load time).
- Uses 4c/kWh (lower end of CBECI and Coinshares global average Mining electrical cost estimates).

Without FOMO now (large price appreciation over next week), expect a big miner capitulation: 30%+ reduction in Hash Rates.
👑 Beat Bitcoin with premium TradingView algos -->


What happened to april prediction?
How will it affect the price? You see a major drop as a result of this until it balances out eventually?
+1 Reply
Thank YOu for your work Sir! I appreciate
This is silly. If the big miners are profitable already, why do they have to push the price up? Who has the money to keep bitcoin around 15k anyways? This is all a supply demand game.
Thats actually incorrect. Its 12525 per bitcoin to mine after the halving
RegularDude777 six19trading
@six19trading, Hello can you verify please
six19trading RegularDude777
@RegularDude777, verify what?
+1 Reply
cicatriz RegularDude777
@RegularDude777, go have a look!
Usually there's a dump near the halving then it eventually rises to match stock to flow. It sounds like this halving is going to create a more violent downside phase than usual and then take longer to recover?
a completely unqualified question: where is it written that the price must and will always rise after halving? everyone acts as if this was something natural, because it has already happened twice before. why can't it happen the other way round on the 3rd time?
+5 Reply
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