I totally agree that we shouldn't mislead others. The mining difficulty of #BTC before and after the halving is shown in this chart. Indeed, the mining difficulty is increasing, but not by as much as 10%. Moreover, based on the data from two cycles, at the time of the halving in 2020, although the mining difficulty initially decreased, the duration of the decrease was short and the difficulty was low. It quickly turned into an increase in difficulty. In 2020, there were still relatively few mining companies listed, and the impact was not significant. The majority of miners were still in China, but this has now changed significantly.

Especially after the mining farms went public, there was an increase in funds, leading to faster upgrades of mining machines. We have already seen this in the financial reports for the fourth quarter of 2023, where almost all listed mining farms sold the BTC they mined, and there were even cases of excessive sales (selling more than they mined, meaning they were selling BTC from their previous inventory). Therefore, even with the halving, there is a significant amount of mining power, so an increase in mining power of less than 10% is already unexpected.

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