The guess for the price of Bitcoin at the time of the halving is continuing. Some investors are tired of the pump and dump schemes; they feel pessimistic and unsure already. Not ready to evolve from their old ways of thinking.

For those who have been watching the charts for weeks together, they find that there is nothing technically worth talking about. They further opine that the long praised adoption is not set to happen. Some feel the store of value is not really as big players are controlling the price, taking advantage of the halving hype.

Sydney Ifergan, the crypto expert, tweeted:  “The discussions about whether the (BTC) Bitcoin halving is good or bad is never going to end. Those who are making money with BTC are continuing to do what they are already doing.”

There are miners mining Bitcoin using solar panels. Miners are going to continue mining through the halving.

There are several cryptocurrency fans celebrating Bitcoin halving in style by giving fans a chance to win BTC directly through different online events.

Some are trying to send Bitcoin to as many people as possible by sending Bitcoin in a fun way through the weekends. 

When it comes to the miners fearing a crash of bitcoin price, there are no signs of miners cashing out ahead of halving.

Several Bitcoiners are involved in thoughtful discussions and technical analysis, trying to be a part of this event. And, some are not able to make sense of anything about bitcoin to date.

Bitcoin (BTC) Hash Rate as an Indicator

After the Bitcoin halving event, if the price drops, there will definitely be an increase in scarcity.  The hash rate has touched new highs.  According to some analysts, the hash rate is considered to be an important indicator concerning the security of the network.

Anytime a new block is added to the blockchain, miners rush to solve the mathematical puzzle.  The hash function cannot be reverse-engineered.  Mining is the process where several combinations are of numbers are surfed to arrive at the right one required to solve the puzzle.  The miner who solves the puzzle first gets the block reward.

Hash rate refers to the number of times the hash function is executed in a second. The hash rate is indicative of the health of the Bitcoin network. Smaller miners will find it difficult to compete when the hash rate is high. With the advancement in technology, specialized mining equipment is required, and the cost of the hardware is high. The relationship between the hash rate and the price is always a point in the discussion when it comes to sustainability.  Stepping up on the mining equipment is important for already existing miners. When the hash rate increases, miners need more hash power to solve power. This also means the cost goes up.