What are the benefits for miners after zec halving?

08/13/2023 00:34 • Metaverse & Beyond • 87 views

zec halving after benefits for miners Editor’s note: This article comes from the Caiyun Blockchain(ID: cybtc_com), authorized by Odaily Star Planet Daily.

In the days of halving, the price of Bitcoin has fallen by about 70%, and now nearly 10% of the decline is due to the miners being too sensitive to price fluctuations. This has put a lot of pressure on the market, so some people are starting to worry about what will happen when Bitcoin is mined to the end.

But for those inexperienced people, they may encounter some troubles and worries. For example, many friends may not understand why there is such a big surge. However, many people believe that Bitcoin is about to usher in the second block reward halving (ZEC) event.

So, what are the benefits of zec halving? The first is how miners can make more income after halving.

According to Coinmarketcap’s data, ZEC production reached 75000 transaction outputs per second on January 3rd this year. At the current rate, approximately 2 billion transactions can be processed per day. And ZEC has never stopped providing network services to users. ZEC token Zcash was originally launched in early December 2016. At that time, the goal of the project was to “completely decentralize” all transactions. As the project progressed, it became known as the “zero-fee network.” Its main application is to fight against the demand for ASIC mining machines. Although ZEC’s price has risen rapidly and has maintained a high increase in recent months, it seems that ZEC has been questioned because it has not reached a fixed price point.

So, if ZEC continues to grow and attract more customers into the cryptocurrency field, will it restart its mining business at the end of 2020? Obviously not. Another controversial statement is, do miners have to pay for themselves? Of course, they may not have to! But what are the benefits of miners after ZEC’s production reduction? The total supply of ZEC has been reduced from 21 million to 20 million. The value of each ZEC is about 400 million US dollars (more than half of which is held by the team). There are only 100,000 total supplies in these hard disk storages, and 50% of them are purchased by selling to exchanges. In other words, although the supply of ZEC is limited, the use of ZEC is still relatively feasible. When there is a quantity limit in all ZEC circulated in the market, ZEC cannot be traded. On the contrary, if ZEC maintains a low market share, the value of ZEC is still to be confirmed. In addition, ZEC can be used for any purpose.

This article and pictures are from the Internet and do not represent qiAiAi's position. If you infringe, please contact us to delete:https://www.qiaiai.com/metaverse/23694.html

It is strongly recommended that you study, review, analyze and verify the content independently, use the relevant data and content carefully, and bear all risks arising therefrom.

What are the benefits for miners after zec halving?

Related recommendations