What do you guys think is the future of Bitcoin Mining? Difficulty has increased so much in the past few days. Let me know your thoughts. Thanks.
The difficulty will keep increasing along the price as the mining operations keep expanding, but I predict a possible chinese ban on mining which will finally put an end in Bitmain's monopoly, so that would actually be bullish even if temporarily the market corrects.
I think there's a lot of hashrate already and we could easily survive with less hashrate so im not worried about that.
I doubt that will happen tho, because Bitmain is founded by Chinese government.
So does increasing difficulty has any direct correlation with increasing price? I doubt it...
Also, what is the Chinese government bans bitcoin mining in China plus the manufacturing of the equipment as well? Then everybody suffers? Or you think Bitmain will relocate? Thanks to everyone for responding
