BITCOIN Halving 2020 Price Prediction | Will BTC Jump? | Chico Crypto

Welcome to this cryptocurrency mining related video posted by Chico Crypto. In this video, you will learn about the 2020 Bitcoin Halving which is taking place in May of 2020.

Bitcoin Mining Operation Costs

Variable Costs

• Electricity
• Labor
• Maintenance

Fixed Costs

• Land
• Rent
• Equipment

Mining precious metals vs Mining Bitcoin

When a company is mining Iron the cost to mine the Iron is the same no matter what the price of Iron is (static prices). In Bitcoins case, the value of Bitcoin does not change how many Bitcoin can be mined. The amount of Bitcoin that can be mined each day is 1800 BTC (prior to the halving in May 2020) - this is dynamic pricing.

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