Topic: After the halving will bitcoin mining become not viable? - page 2. (Read 2788 times)

I also spread a tad into eth.   I now am mining it for fun (I see it as a hobby).   Not sure how it will end up.   Everyone should keep in mind only to invest what they can lose.  For each person this amount will be different.

For me personally I believe BTC will still have a bright future, but I could be wrong.   But splitting holdings is never a bad idea.

That why I sold 9 coins to shift more of my crypto investment to cash.
I still have coins and gear.
I also have the small eth coin farm.
So I have   Four ways to be okay.

A lot I think will depend on value to.  And that is where speculation becomes hard as value predicting months away... just is tough.  I don't think most can do it accurately.

So me weathering the having really depends on value I think.   Also next gen can possibly become a factor.... again speculation here is hard to say.  We don't know many final specs, and don't know prices/dates so... a lot right now is up in the air.

to me  that one will be more important then this one.  I will weather this okay  maybe not good or great but at least okay.

To add to notlist3d's comment

@talks_cheep This is going to be a "long shot" but the next halving (12.5 to 6.25) I believe will happen around block 630,000 Now that you've been warned of the next one happening you can prepare.

Sudden announcement?  We know about having LONG before it happens so sudden announcement is not true at all.   Look at difficulty changes: https://bitcoinwisdom.com/bitcoin/difficulty.  We have almost halved not to long ago due to just new gear being plugged in:

Feb 19 2016    163,491,654,909    13.44%    1,170,318,852 GH/s
Feb 07 2016    144,116,447,847    20.06%    1,031,625,717 GH/s
Jan 26 2016    120,033,340,651    5.89%    859,232,121 GH/s
Jan 13 2016    113,354,299,801    9.12%    811,421,684 GH/s

Jan 13 - Feb 19.  Look at those stats so having... we can cause losing 1/2 of mining income due to normal expansion.  And no one can be sure on what will happen on having or what pricing will be.  

How would you like to have your income cut in half by a sudden announcement? If you're a masochist, you will enjoy it; if you're not, stay away from getting into mining at this time. Too much uncertainty.

How do you know the price will double? If you're sure, invest in bitcoin directly. Why take a chance at mining, with Diff rising?

The block reward will be cut in half. Thus the term "halfing".

 If the hashrate of the network didn't change, that would cut the gross income in half of ALL miners.

 In all probability, some folks running older and no-longer-profitable miners will shut them down, and the network hashrate will see a fairly noticeable drop - but folks buying newer miners, large mining farms upgrading miners, and such will probably kick the hashrate right back up again in a few months at most, possibly less than one month.



 The question of profitability has many variables - cost of electric being a PRIMARY one, if your electric is cheap enough miners like the S7/Avalonn6/BEleven will still be profitable even if the hashrate didn't drop, but their profit will drop a LOT. Miners of the S5/SP20E and older generations will pretty much have to have FREE electricity to still be able to run at a profit. Anything newer will probably be fairly profitable, as it SHOULD be more efficient than the S7 generation by a fair bit.


 The plus side of the upcomming "full custom 14/16nm" generation is that it will have achieved State of the Art on semiconductor manufacturing, so there won't be any major efficiency upgrades for probably 3-5 YEARS - it'll be the first generation where a RoI measured in years is POSSIBLE for Bitcoin miners. This will still leave the issue of "cheap enough electric to make a profit" though....

at best is the same, the value go up but the halving will destroy the increase, so miners will make the same amount of earning

this assuming the value will really go up, but hopefully their electricity will save them this time

No one knows what the 1/2 ing will do to the price of btc.

No one knows how difficulty will be affected.

We know 1 thing blocks will pay 12.5 coins not 25.0 coins.

If you are new be careful do not bet or play all you have.

I do a 10000 usd investment .

1/3 coins 1/3 gear 1/3 cash.

Now you may not want to do 10000 investment .

Maybe you are doing less.  Just be a little more cautious about going for,too much when new.

You still are not taking next gen gear into equation though.  It is already hard for a lot of home miners, this is due to not having cheap electricity.  This already happened before the having, so nothing new for it to remain same after havining.

So the ones able to do it profitable now I see new gear allowing them to keep going.  It will get harder (just is the trend were on) but unsustainable is not true for those with cheap electricity.

Instead of mining a block and getting a reward of 25 btc the miners will instead get 12.5btc. In another 4 years it's 6.25btc per block. The price will (most likely) go up but it probably won't double just because of the halving. After all, there are already 15+ million Bitcoins in existence (minus any that were lost)

Yeah I meant home miners, I am guessing it is going to get harder by a LOT. Still unsustainable in that respect IMHO. But those mega mines like you said will probably remain profitable.

But your forgetting next gen gear that will be coming out.  Some report specs MUCH less better then 1/2 efficiency so we can make us for a lot via new generation of gear.  Which will happen.

But it is not unsustainable due to the large mega mines.  Even at having those paying a few cents likely still remain profitable.  Home miners... yes very much harder in  a lot of cases.  But it is not unsustainable, mining will continue.

Mining seems very unsustainable then... if every couple years the reward is halved.

Only due to supply and demand.
To answer question, yes, miners will be making 50% less of what they were previously.
HOWEVER, due to the value going up, they should be be helped out by the value going up so high.

from what I understand its opposite the coins become more valuable am i wrong?

So in other words miners will make less but likely not a HUGE amount less?

The reward for minning successfully is 25BTC, after halving the reward will drop to 12.5BTC. So miners will not make as much bitcoins as they used to, btc might become more scarce and its price will rise.

So I don't understand the halving very well, will miners just make half as much? Will the price double or the difficulty change? Will bitcoin mining just become so hard it ceases to be cost effective? Am I making a mistake getting into bitcoin mining? Will people just switch to a altcoin? Sorry for all the questions, I'm still learning about bitcoin.