Coronavirus & quarantine & effect on BTC Difficulty. How Bad/Likely?
Indeed, IF, I think it is 65% of ASIC miners are out of China and IF this Coronavirus Quarantine drags....indeed even past halving...
I'd guess that difficulty would stay flat for that time period? If this is not the case then my view is that any workers that could be
gathered under such a scenario, would be used to MAYBE build units (5nm maybe Q1 as stated by Innsilicon and Bitmain) thus if we
do see a rise in BTC difficulty, I'd pretty much count on the main ASIC makers feathering their own nest first by filling data halls on a
flat difficulty universe and consumers are just damned and SHOL.
https://www.coindesk.com/how-the-long-tail-of-the-coronavirus-might-slow-bitcoins-hash-power-growthAnyway, my own view is this coronavirus mild or otherwise will last as long as the typical 'flu season' which would be well into May 2020.
So, my guess is flat difficulty at best and at worse the China ASIC makers taking full advantage of limited workers to fill their own data halls with
equipment first with this flat difficulty for a few months. Or it could be worse, they could do the above with NEW 5nm equipment 'supposedly' due in Q1 2020!
Your views?
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Brad
