Halving Bitcoin price skyrocketed to $ 90,000. why not?

[jane maradona]

The upcoming Halving Bitcoin will double the cost of mining, causing the price to skyrocket to $ 90,000 or higher

For operators who use high-speed computers to mine BTC, halving will cost them double the cost.

The estimated average cost to mine a Bitcoin could rise to $ 12,525 after the halving is expected to occur in May, double the current average of $ 6,851. Basically, miners will have to run twice as many calculations, with the corresponding increase in electricity usage, to get the same amount of Bitcoin they currently receive.

Once created a decade ago, halving was programmed on Bitcoin's original network as an anti-inflation factor. Accordingly, the speed of new and predictable supply of coins will help stabilize Bitcoin's purchasing power - in contrast to the government-supported currencies that often print at the will of central banks.

What is happening now is a lesson in the emerging economics of a market cycle just like the goods of Bitcoin: Other mining companies are competing to prepare for halving by upgrading computers such as processor chips. Next generation faster and more energy efficient

See also: Bitcoin virtual currency exchange

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[odolvlobo]

The upcoming Halving Bitcoin will double the cost of mining, causing the price to skyrocket to $ 90,000 or higher
For operators who use high-speed computers to mine BTC, halving will cost them double the cost.
The estimated average cost to mine a Bitcoin could rise to $ 12,525 after the halving is expected to occur in May, double the current average of $ 6,851. Basically, miners will have to run twice as many calculations, with the corresponding increase in electricity usage, to get the same amount of Bitcoin they currently receive.

It doesn't work that way. The cost doesn't double because many miners drop out. Regardless, the price does not depend on the cost to mine. It is the other way around.

[pooya87]

The upcoming Halving Bitcoin will double the cost of mining, causing the price to skyrocket to $ 90,000 or higher

if your employee cuts your paycheck in half, you cost (like your electric bill, your rent,...) doesn't double. your "income" is cut by half. the same is true about bitcoin block reward halving.

For operators who use high-speed computers to mine BTC,

what the hell is a high-speed computer you mine with ASICs not computers.

The estimated average cost to mine a Bitcoin could rise to $ 12,525

wrong for the same reason as above.

double the current average of $ 6,851.

this number is also pure nonsense.
mining is not a fixed thing to have a fixed cost. the cost depends on each and every single miner. for instance if you mine bitcoin in Hawaii (29.18 cents) your cost is obviously a lot higher than someone who is mining with electricity that costs 1 cent.

Basically, miners will have to run twice as many calculations,

wrong. what you refer to as "calculations" depends ONLY on difficulty and that does NOT change with halving.

[fiulpro]

Okay
First of all 90,000$ is something else , one should understand that even if it rocked to 30,000$ people will encash like crazy Making the price fall like rocket in the negative way . Therefore I do not think that this would be possible , one cannot just see the price climb like this , it's not only unrealistic but it is also completely out of the formulas .
It is easy to reach from 1000$ to 2000$ but it is not so easy to reach from 10000$ to 50000$ .
And we are talking about 90000$.

[ChrisPop]

There are many factors contributing to the price of Bitcoin, but you can't just say that halving the reward will double the mining costs as well. Even if that were true it would point us to about $15k-$20k at the current mining costs. But again some miners could drop out from the grid, some will add more equipment. Maybe Bitmain releases more efficient rigs. It is quite hard to quantify the cost of mining 1 BTC if you're not an actual operator.

Many countries have very low electricity fees that offer a significant advantage. So if anyone wants to get into Bitcoin mining I'd suggest researching electricity fees in various states around the globe. I think you can go as low as free electricity in some ares so you would only need to off-set the mining gear costs.

[tvplus006]

The upcoming Halving Bitcoin will double the cost of mining, causing the price to skyrocket to $ 90,000 or higher
....

You are very weak in mathematics) How did you calculate that if the reward is halved, the value of bitcoin should increase 9 times? We saw that at the cost of bitcoin at $ 3,500, the network continued to work. So after halving, this cost will be $ 7,000. And now the cost of Bitcoin is much higher than this figure, so you can not worry about the income of miners after halving.

[Rodeo02]

-snip -.

We are all here want this happen , but we need to be understand and be realistic that its hard to happen.  Bitcoin can't even maintain its price when ATH happen so what else if they break the 90k$ price . The only thing that possible to happen at this moment is to have back to its ATH and if they can maintain its price this time, then new ATH of bitcoin price will be expected to happen.

[Ailurophile]

If only that could come true then we would have been so happy.
But we have to accept the fact that it is still early for that price to be reached or if it would ever hit that high.
$90,000 is so far right now I don't think that we would see it get that high in this year as we could see the price is having a hard time to break free and fly high again.

[Wexnident]

Hmmmm. Bitcoin could reach $90k, just not because of the reasons you stated. See, even if the rewards is halved down, the miners could still be fully capable of doing the same thing they've been doing. Just like what others have said, they use ASIC's not Supercomputers. Supercomputers may be a general term, but it isn't a term used to describe mining machines. The price of $90k is achievable, but its a low chance, and the time frame needed is not simply a few weeks nor a few months.

Lastly, the article you sent is in another language. I'm not sure what it is, but it isn't english for sure. Seems quite nonsense to share one when it isn't even readable by most people.

[xvids]

Since it is all just a dream why not make it big why settle for less dream a much more higher price.
Do you really think that it could get that high because of halving?
The price is still stuggling at $10K and even though we still have plenty of time it is so hard to believe that it could make that high.

[LogitechMouse]

The upcoming Halving Bitcoin will double the cost of mining, causing the price to skyrocket to $ 90,000 or higher

A mere newbie saying this kind of stupid nonsense things here . Good Job dude.

Any evidences that this will happen?? If you can defend what you said then I will believe you. The true and might happen is that, most of the miners after Bitcoin halving might stop mining because of the reduced income by half. Probably those who are living in the countries where the electricity bill is low are the ones who will not stop. If the miners see that they aren't profiting after halving, they will stop. Simple as that. Bitcoin to $90,000?? Possible but very low chances (around 0-1% TBH).

[ChrisPop]

The upcoming Halving Bitcoin will double the cost of mining, causing the price to skyrocket to $ 90,000 or higher

A mere newbie saying this kind of stupid nonsense things here . Good Job dude.

Any evidences that this will happen?? If you can defend what you said then I will believe you. The true and might happen is that, most of the miners after Bitcoin halving might stop mining because of the reduced income by half. Probably those who are living in the countries where the electricity bill is low are the ones who will not stop. If the miners see that they aren't profiting after halving, they will stop. Simple as that. Bitcoin to $90,000?? Possible but very low chances (around 0-1% TBH).

I agree. I don't see any incentive for miners whose production(operational) cost is not covered by the market price. I mean they could be more profitable by just buying bitcoin on spot and only plug their gear in when they should be profitable or even sell their rigs to fiable companies in other countries, but then we'll have a centralization problem..

[pakhitheboss]

The upcoming Halving Bitcoin will double the cost of mining, causing the price to skyrocket to $ 90,000 or higher

For operators who use high-speed computers to mine BTC, halving will cost them double the cost.

The estimated average cost to mine a Bitcoin could rise to $ 12,525 after the halving is expected to occur in May, double the current average of $ 6,851. Basically, miners will have to run twice as many calculations, with the corresponding increase in electricity usage, to get the same amount of Bitcoin they currently receive.

Once created a decade ago, halving was programmed on Bitcoin's original network as an anti-inflation factor. Accordingly, the speed of new and predictable supply of coins will help stabilize Bitcoin's purchasing power - in contrast to the government-supported currencies that often print at the will of central banks.

What is happening now is a lesson in the emerging economics of a market cycle just like the goods of Bitcoin: Other mining companies are competing to prepare for halving by upgrading computers such as processor chips. Next generation faster and more energy efficient

See also: Bitcoin virtual currency exchange

For the sake of getting backlink, why are you spreading FUD. I am sure the moderators are looking into this post as the post doesnot makes any sense at all and the topic heading is completely irrelevant.

[Thekool1s]

Basically, miners will have to run twice as many calculations,

wrong. what you refer to as "calculations" depends ONLY on difficulty and that does NOT change with halving.

The OP is actually right... You took it out of context. OP Said "Basically, miners will have to run twice as many calculations, with the corresponding increase in electricity usage, to get the same amount of Bitcoin they currently receive." which is true... Unless OP added it afterwards. But I dunno where the guy is getting this 6K figure from or how did he reach this $90K figure for BTC. Given if the economic system doesn't collapse or the world doesn't end by a deadly virus, One can expect a gradual rise in BTC price given its deflationary nature... These speculation posts add no value to BTC or the forum. I agree with @pakhitheboss this post was created for mere purposes of getting a backlink nothing more... The thread should have been nuked surprised it wasn't.

[alani123]

There's no good indication that prices could rise that much. Really the resistance would be too much for prices to go above $12k. 90k USD is just too much out of reach at the moment and such predictions have been made time and time again, but seem too unrealistic for the time being. There should in my opinion be no connection with the halving and such out of place mindsets. Perhaps a small push could be likely but normally any positive outcome should be priced in already.

[kryptqnick]

The decrease in rewards with halving may affect the price a little. However, psychological factors before and after this will move the price to a point. I think the pricing that we have observed so far is due to this.

The subject of FOMO is very important. When we see the price catching a pace as it rises, we can even see it with our bare eyes.

I think it's mainly FOMO that plays its part here. People are talking about the previous halving as if it's a fact that halving increased the price back then. On the contrary, the price started increasing before the halving, dropped a bit after it and skyrocketed after months have passed! I mean, a lot of stuff could affect the price after months, and even if it was 'halving', it was most likely the FOMO around it once again. I think pooya87 described why the price does not have to increase when miners' reward is cut in half.
At the same time, it seems that people are expecting the price to rise, so FOMO can make it rise once again. I don't think it's going up to $90k this year, though.

[BrewMaster]

everything will happen in its appropriate time not any sooner. prices such as $90k are going to be reached some day just like $20k was reached before and it looks like nothing today. but it won't be because of cost of mining but will only be because of adoption and nothing else. the limited supply that is the product of halving is only the cherry on top not the reason.
and believe me when i say this miners are going to leave the moment they can't make enough profit. so far we see that not only they aren't leaving but also they are expanding which proves that they are making a huge amount of profit even with all the halvings!

[Republikcoin.com]

I hope that the price can be achieved, but I doubt it can be achieved. however, currently, the price of $ 90000 is beyond my mind and only focuses on achieving prices higher than $ 15,000. even when we rely on mining, I think the price of bitcoin won't be as fast as it reached the price of $ 90000, and that takes a long time.
other than that, the price of $ 10,000 is not so stable, I still feel that when halving occurs, the price of bitcoin is still in that range.

[Mpamaegbu]

It doesn't work that way. The cost doesn't double because many miners drop out. Regardless, the price does not depend on the cost to mine. It is the other way around.

Quite all right, I don't agree totally with the OP - especially on his forecast about the $90,000 Bitcoin price. No one honestly knows where the price of Bitcoin is headed. We have seen experts make predictions in the past and how reality made a mess of their predictions. However, I do agree that Bitcoin halving definitely will have a ripple effect and one of such is "scarcity" Scarcity creates room for price appreciation. And this is certainly what we will experience in weeks to come, especially after May.

[pixie85]

How did you come up with 90 thousand dollars? You seem to be very sure of this price and in reality the cost of mining is somewhere at 6 thosuand dollars.

If the reward is cut in half and the price adjusts accordingly the price will land somewhere between 12 and 15 thosuand dollars. Even 20 will be a very negenrous pump and 90 will be very hard to achieve this year. It would be great but it's not going to happen.