Primitive Ventures founding partner: If the price of bitcoin does not double after halving, miners will face difficulties

Dovey Wan, founding partner of Primitive Ventures, said that the difficulty of bitcoin mining fell sharply for the first time in 2019, a drop of about 7%. Mainly due to the closure of the low-end mining machine, the price has dropped, partly because the rainy season is over, and the cheaper excess hydropower is no longer widely available. If the price of the currency does not double when the bitcoin is halved, many miners will face serious difficulties.