Bulls and bears welcome !
Just a new updated reference to those who wanted a chart since 2013.
The mining block reward on bitcoin cuts 50 percent every 4 years.
50 to 25 Block reward 2012
25 to 12.5 block reward 2016
12.5 to 6.25 block reward 2020
I am not a financial adviser. This is a long term chart of bitcoin, I included include the 2014-2015 bear...
I have detailed everything on the chart, however I will add a note here.
-Every bull run is decreasing in intensity by about 66%.
-Every bear market drops by about 85%
-Precisely one year before every Block Halving, we experience the start of a new bull market. This is mostly due to the fact that there's an increase in scarcity, which means that miners need...
accoding to the whattomine (simple website to etimate bitcoin mining profit) :
we need to have 35000 Antminer S9 with 14 TH specification to build a Bitoin during an hours,
if each Antminer used 1.372 kW per hour this system need 48 MW power !!!
a- If you are able to prepare this power source you have to paid 48000 KW * power cost KWh
b- we assumed typical...
