Topic: + Difficulty + Halving – Miners = ¿…? (Read 1344 times)
Well be sure that bitcoin value will go to 600 dollars and maybe reach and stand at 700 till end the year soo even with less coins i believe that some miners will keep making their income.
I’m a newbie and have a question:
1) If the difficulty increases exponentially.
2) If in the coming months "halving" will reduce to half the miner's reward.
3) If the projections of various spreadsheets indicate that it is not currently profitable mining.
How will continue to operate the system?
Many of the current hardware will no longer be profitable after the halving. So, many hardware will stop mining and the difficulty will probably decrease. Miners like the Avalon and the S7 will still be profitable and new hardware will come in. So miners will still be around for a long time
More difficulty comes and more halving comes the price will increase if it will happen year by year.. because of the miners are increasing more population the difficulty will increase so it will turn in to not profitable because they are many.. so the solution for this is waiting for the halving so that your bitcoin you earn before are profitable after halving..
I can say that those mechanism implemented into bitcoin will help itself from collapsing. The difficulty will prevent the miners from mining but it may make bitcoin rarer a bit due to its difficulty (full speculation). However it can sure that halving will decrease the quantity of bitcoin but increase the value which will keep mining profitable and still attract many miners. All those three have some relations and it will help bitcoin survive
The difficulty has no effect on the rarity of bitcoins. The money supply is predetermined.
The halving does not decrease the quantity of bitcoins. The quantity of bitcoins is always increasing as long as the subsidy is more than 0.
. About the halving part, I mean "quantity" is the supply per block which makes people feel there will be less bitcoin or rarer. It's about feeling which makes the price higher because the amount of bitcoin is predetermined like you have said 
I can say that those mechanism implemented into bitcoin will help itself from collapsing. The difficulty will prevent the miners from mining but it may make bitcoin rarer a bit due to its difficulty (full speculation). However it can sure that halving will decrease the quantity of bitcoin but increase the value which will keep mining profitable and still attract many miners. All those three have some relations and it will help bitcoin survive
The difficulty has no effect on the rarity of bitcoins. The money supply is predetermined.
The halving does not decrease the quantity of bitcoins. The quantity of bitcoins is always increasing as long as the subsidy is more than 0.
I myself believe that when satoshi creates protocol for bitcoin, he had thought about the relations between those three already. I can say that those mechanism implemented into bitcoin will help itself from collapsing. The difficulty will prevent the miners from mining but it may make bitcoin rarer a bit due to its difficulty (full speculation). However it can sure that halving will decrease the quantity of bitcoin but increase the value which will keep mining profitable and still attract many miners. All those three have some relations and it will help bitcoin survive
Miners aren't forced to run their operations, so in the end only the strong ones will survive
Aldo i hope that
Aldo i hope that
For now, miners just doesn't have any choice but to keep things running. But profitability wise, I don't think they're still being profitable when compared to the hardware cost that they spent.
Yes and we can imagine if there will be no any increase before upcoming halving than many of them will leave decreasing difficulty and few miners being able to solve more problems with more reward. Thats why blockchain is self balancing network, it will keep on working whatever will be the value of coin. 
I’m a newbie and have a question:
1) If the difficulty increases exponentially.
2) If in the coming months "halving" will reduce to half the miner's reward.
3) If the projections of various spreadsheets indicate that it is not currently profitable mining.
How will continue to operate the system?
A group of elite miners will keep mining, anothers will keep running nodes to use the services, we can wait high prices, high difficulty, each time less miners,more services nodes until reach the limit only big corporations will does mining.
What will happen when we reach peak of hashpower?
When invest in mining is no longer worth.
Will price go up or down?
When invest in mining is no longer worth.
Will price go up or down?
For now, miners just doesn't have any choice but to keep things running. But profitability wise, I don't think they're still being profitable when compared to the hardware cost that they spent.
Can someone imagine what can influence a bitcoin to die suddenly?
Is it possible at all? What is most influential for price rise?
I will try to answer:
*Most influential for price rise are whales + news!
*Hashrate can go up or down but not influencing price at this moment,
but in future if something happened with rise of hashrate he could also influence the price.
*Adaptation will not bring price rise but instead better distribution and stability and using..
*Death of bitcoin can happen only with strong evidences that all this is lie and..
and this will be slow death, there is no quick death for bitcoin..
Is it possible at all? What is most influential for price rise?
I will try to answer:
*Most influential for price rise are whales + news!
*Hashrate can go up or down but not influencing price at this moment,
but in future if something happened with rise of hashrate he could also influence the price.
*Adaptation will not bring price rise but instead better distribution and stability and using..
*Death of bitcoin can happen only with strong evidences that all this is lie and..
and this will be slow death, there is no quick death for bitcoin..
It is not possible.
Even after a major dump, price would go down as hell ok. And then? Miners will stop ok. But once miners stop btc will be easy to mine again, so will be mined again.
A dump would only make btc go back again. not kill it.
I’m a newbie and have a question:
1) If the difficulty increases exponentially.
2) If in the coming months "halving" will reduce to half the miner's reward.
3) If the projections of various spreadsheets indicate that it is not currently profitable mining.
How will continue to operate the system?
Almost every user on this forum asking themselves the very same question mate. I believe there is no one who can actually give you an accurate answer. I personally think that bitcoin is strong enough for this challenge. I am not saying it will be easy but it will all be fine.
Chinese business electricity rates, which are almost zero, really zero if you payoff the right government man
Now everybody waiting for halving..
I'm afraid something can go wrong with this expectation?
That is life, if something can go wrong, it will go wrong..
I'm afraid something can go wrong with this expectation?
That is life, if something can go wrong, it will go wrong..
Minning market will adjust itself, if difficult increase small miners will go off (at the same bitcoin price), if too much minners go off difficult will decrease. But bitcoin price could move up, in this case reward is higher (on dollars). With the halving its possible that bitcoin price moves up. It seems that we will have less minners but with bigger farms.
Can someone imagine what can influence a bitcoin to die suddenly?
Is it possible at all? What is most influential for price rise?
I will try to answer:
*Most influential for price rise are whales + news!
*Hashrate can go up or down but not influencing price at this moment,
but in future if something happened with rise of hashrate he could also influence the price.
*Adaptation will not bring price rise but instead better distribution and stability and using..
*Death of bitcoin can happen only with strong evidences that all this is lie and..
and this will be slow death, there is no quick death for bitcoin..
Is it possible at all? What is most influential for price rise?
I will try to answer:
*Most influential for price rise are whales + news!
*Hashrate can go up or down but not influencing price at this moment,
but in future if something happened with rise of hashrate he could also influence the price.
*Adaptation will not bring price rise but instead better distribution and stability and using..
*Death of bitcoin can happen only with strong evidences that all this is lie and..
and this will be slow death, there is no quick death for bitcoin..
You have to hope that
1) the price of BTC goes up to compensate the halving
2) Technology increases at a rate that can help ease the costs of mining
1) the price of BTC goes up to compensate the halving
2) Technology increases at a rate that can help ease the costs of mining
These questions are also affected by the technology (computing power vs energy efficiency) and bitcoin price.
Halving is part of bitcoin so sooner or later fee will be the main reward- again will directly connected to the price/value of bitcoin.
Halving is part of bitcoin so sooner or later fee will be the main reward- again will directly connected to the price/value of bitcoin.
I’m a newbie and have a question:
1) If the difficulty increases exponentially.
2) If in the coming months "halving" will reduce to half the miner's reward.
3) If the projections of various spreadsheets indicate that it is not currently profitable mining.
How will continue to operate the system?
Don't worry I still don't understand everything as good as I wish I would ^^
1/No difficulty increases only if the amount of hashing power does. The more the hashing power the higher the difficulty.
2/Yes for this one
3/It's not profitable to mine alone, but big industries like Genesis find it very profitable
Answer is in question 1
If it's not profitable, some miners will stop, hence less hashing power, hence less difficulty, hence more profitable for remaining miners ^^
the value will simply increase to face the halving, that's why we are talking about the halving pump, the new bottom after the pump will be enough to sustain the mining scene for the halving
so don't worry to much about it
the final point is that the miners will always have the same minimum profit for the miners there is no downtrend for the diff ever
the diff is always increase on average, the same as the value of bitcoin
so don't worry to much about it
the final point is that the miners will always have the same minimum profit for the miners there is no downtrend for the diff ever
the diff is always increase on average, the same as the value of bitcoin
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