how are you all Hope everyone is doing well, Today we will talk about Bitcoin Halving, as I am writing this post there are only 25 days left for Bitcoin Halving. Time is running out, Bitcoin is halving in April. Now currently 144 new BTC blocks are mined per day, and then mining 6.25 BTC per block, Which if calculated 6.25×144=900, Now 900 bitcoins are mined every day, If you calculate this 900 bitcoins to know the current market value, then you can see More than $57.9+Million worth of new Bitcoins are hitting the market every day. And we all know how much electricity bills cost to mine a bitcoin. First, when Bitcoin was created by Satoshi Nakamoto, he and his programmer used to do Bitcoin Mining with their Personal PC, and when it became viral, everyone started mining Bitcoin with their PC, because of the large number of users, the mining speed decreased, the amount In order to solve this problem in 2013, the Chinese company called Canon Creative released the first ASIC miner called Antiminer S9, and it became very popular after its arrival. Currently, Bitcoin mining costs vary from country to country, depending on the electricity bill, but currently, an average Bitcoin mining costs around $20K.

Image collect Pixabay

---

Currently, if you complete a bitcoin mining in Bangladesh, the cost of 1 bitcoin will be $13.83K, but Bitcoin Mining is banned in Bangladesh, there are many countries in which the cost of electricity for bitcoin mining is very small, but it is prohibited in that country.
After this amount of electricity bill, they sell the amount of Bitcoin mined by Miner,
Because they cover this cost by selling their mined bitcoins,
Due to the huge amount of Bitcoin sold every day, the price of Bitcoin is not increasing much, but after the next Halving, Bitcoin mining will be halved.
Then there will be 3.125 bitcoins mined per day, which can be 450 bitcoins mined per day, which will reduce the number of new bitcoins coming to the market by half.
And those who are mining bitcoins will be able to mine 450 bitcoins per day instead of mining 900 bitcoins, which will increase their cost, so they will not want to sell their mined bitcoins at low price.

Image collect Pixabay

---

This will start to affect the Bitcoin Halving,
It is a misconception that Bitcoin will pump huge after Bitcoin Halving, after a certain period of time after Bitcoin Halving, the effect of Halving will begin.
So this is the end of today, everyone be well, Allah-Hafez