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@Greenbank
The halving effect is really interesting once you consider all of the secondary/tertiary/etc effects and how these filter down and rattle through community.
Miners who are currently making a bit of a profit at price $x/BTC will have to consider whether they can keep going if their return is halved and the price doesn't rise enough to cover it. Obviously if every miner backed out after a halving then the market would be open for someone to continue mining and rake in all of the block bounties, so some use this as an opportunity to stay and some go.
I should probably go look at historic prices, hashrates, etc before/after each of the previous halvings (every ~48 months).