We never know how profitable or safe it is to generate income through cryptocurrencies, but this continues to grow regardless of the doubts. Cryptocurrencies are a form of digital currency, not endorsed by governments or within common economic schemes. There is speculation that this could be the payment method in the future.
Many businesses around the world accept this payment, and more than 36 million are currently in circulation. These figures are the most current until 2019, but surely many more are being created, which are well outlined in crypto wallets.
Now, if we talk about the bitcoin halving process, we must start with what were they created for? According to research, deciphering bitcoin blocks takes around 10 minutes, ten blocks more or less an hour, and so on.
The complicated has to do with the initial phase, getting miners willing to execute the process and deciphering algorithms of high difficulty. Also, it requires large computers with high capacity, a constant flow of energy, and electricity. This is how the bitcoin halving begins.
The process is taken very seriously among the operators in charge, in a period established every four years. The reduction in bitcoin demand eventually makes them more valuable. For that, the reduction to bitcoin halving is given.
This year corresponds to a bitcoin halving 2020 process, and there are several theories. If the halving occurs as it should, the process should not surprise the communities or change the market price.
According to figures on the web, 4380 blocks are extracted per month, immediately added to the bitcoin chain. Its reward is 12.5, considering the value of bitcoin between $ 8,000 and $ 9,000. So, the hours invested in this are worth it, as long as they are done safely, within established rules.
The role of the miners is extremely important; it cannot be overlooked. The price or reward will increase according to demand.