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I don't think you can say there's no impact but also you can't say the full 50% drop in revenue for ARB, it's just a waiting game to look at the next couple of months figures, the bitcoin difficulty adjustment is going to take place in under an hour so will be interesting what that sets to.
I'm optimist but I don't think that's true when you talk about the amount of BTC, the average BTC returned since halving is 4.335397481 per block and that includes transaction fees and also the large jump in transaction fees just after halving,
Before Halving the reward itself was 6.25BTC per block (without looking at transaction fees), so there is more than a 12% drop in reward returned compared to pre-halving.
3.125 BTC is the reward and at the moment the average btc reward since halving is 4.335397481 so it isn't the full 50% that some people were saying but over time on the current trends I'd expect this average to drop as the transaction fees become less. To be optimistic there could in the future be new protocols released on BTC chain that bring the transaction fees up, we'll just wait and see.
The picture should become clearer for Argo in the next month or so, interesting to see the impact of the halving to how much they generate monthly, increased fees shouldn't be a complete half of revenue which is good and if other things launch in the next month that should ramp up fees more hopefully. Argo had started to build up a slight reserve of BTC so hopefully aim to clear the outstanding debt in the months ahead!
Well the average fees since the halving is over the 3.125btc lost (3.79btc per block) even in the last 100 blocks the fee average is over 2.8btc (2.88btc) so I would say that the revenue from fees is covering for most of the loss of the halving reward.
I think bitcoin difficulty could reduce with the halving so even though the reward halfs, could leave an opportunity for ARGO to mine more blocks so I wouldn't say it'll completely half the revenue of Argo
I think its not a full half in btc being returned after halving, I would assume the bitcoin difficulty to be reduced so finding more blocks but getting a smaller reward for them, I wouldn't say 103 pre halving in a 31 day month so 51.5 in a 31 day month post, I think they could get more than 51.5 in a 31 day month due to a reduced difficulty. I suppose its just a waiting game to see what happens after middle of April.