Hi, it’s CryptoUniverse.
All main news in the world are about coronavirus and its consequences but cryptoworld has one more thing to discuss. A Bitcoin halving took place on May 11, 2020.
Halving is a planned decrease of reward for any block found in BTC blockchain. Miners will get 6.25 BTC instead of 12.5 BTC. Cryptocurrency industry already met 2 halvings in November 2012 and July 2016.
Yes, the BTC exchange rate after halving can decrease. It’s normal. Don’t forget that it took several months for the main cryptocurrency to get back and grow further. We see no reasons why it will not repeat this time. The best thing you can do is to think about everything to avoid regrets because of rash decisions. Take a look at the chart to understand how it was before.
We understand all the worries of the market, including your personal risks. No one knows what will happen after halving. We too. But we keep minimizing all the risks and cut any costs possible to provide the best profitable mining products you can find.
That’s why we keep building our data centers, optimizing settings of our ASIC-miners, trying hard to get exclusive direct agreements with manufacturers, and getting every penny from all the other things.
These events are very important for technical progress. Just think: ASIC-miners in 2013 used 110 nm SOI process and in 2019 industry met ASIC-miner with 7 nm SOI process. We are always searching for options that you can use to upgrade your equipment.
What is the main thing in mining? You can think about equipment effectiveness, exchange rates, and a team that designs and maintains the product? Everything is important, but the main point is a source of cheap electricity. We have long-term advantageous contracts with power suppliers, including those that we build in the Republic of Karelia. The current economic situation leaves us opportunities to optimize all the costs. That’s the reason to work and promise you that we will do everything possible to make mining with CryptoUniverse stable and profitable.