Recently, cryptocurrency advocates have been discussing the upcoming halvings set to happen on the BTC and BCH blockchains in six months or less. Since crypto prices have been heading southbound, the SHA256 consensus hashrate continues to remain relatively unfazed and data stemming from freshly minted coins shows miners have been stockpiling.
Also Read: Iranian Grid Explains Electrical Costs Will Fluctuate for Bitcoin Miners
Stockpiling Coins and Slight Miner Capitulation
Digital currency markets dropped quite a bit in value last week as most coins lost 15-20%. People are hoping that the reward halving stemming from the BTC chain and BCH chain may propel prices higher as they have in the past. At the time of writing, there is roughly 169 days or a touch more than six months left until the BTC reward halving on May 15, 2020. In the world of cryptocurrencies, six months is still a good length of time for accumulation events to take place, but right now there are few signs of halving preparations. Before the market downturn, crypto…