Bitcoin mining is of the best reward system in the crypto market which allows bitcoin to create blocks and rewards the miners. We all know that Halving cycle is in the next year and after every halving the BTC mining becomes difficult.

Every difficulty also check miners patience because the reward system for the miners will be reduced. According to my research the next halving is in April 2024 and the mining amount will be halved by 3.5. Which means the reward system for creating one block needs 3.5 bitcoin to mine.

After every halving cycle mining become difficult and surely it will need more power and time to mine one Bitcoin. This is because the quantity is reduced to the half but will boost the price of bitcoin. In every bear cycle the lower price will be increase.

Just like we have seen two bear cycles one lower price was $4K and after the halving the next bear cycle lower price increases and stayed at $12K. Similarly in this bear cycle we have seen the price at $16K and after the next halving period the lower price will be above the lower price of the last bear cycle.

THE FUTURE OF BITCOIN: ANTICIPATING ALL-TIME HIGHS AND MINING REWARDS

There is more chance that Bitcoin will touch its another all time high in the next bull run. The price range will be from $65K to $85K and the lower price will stay above $25K. This is not the confirm figure but just my thoughts based on my research and learning.

The reward system for the miners are reducing day by day and here a question will arise, the question is the reward is reducing then how bitcoin miners will earn more rewards? After every cycle the number of bitcoin per block creation is reduced to half then how people will earn rewards?

This is the question which is confusing for me and I need the answer from the experts if possible. Just like in hive we have reward system and that is the upvote system. Which will never be reduced but will increase during the bull run. There is no halving system in this ecosystem which means that reward system will not be reduced.

What do you people think about Mining difficulty and how miners will deal in this situation? Do you think the next halving cycle with give another all time high to the price of the bitcoin? Will be glad to see your answers in the comment section.

I hope you find this post useful and informative. If you do, please remember to reblog it so that it reaches as many people as possible and that they can benefit the most from it. Also, remember to upvote, which will help me financially and grow my account.

 NOTE: IMAGES ARE TAKEN FROM CANVA. 

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