Has halving changed the structure of mining?

leowonderful

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Quote from: salmanahmedone on December 24, 2016, 08:10:51 AM

Quote from: Jet Cash on December 17, 2016, 04:39:04 AM

So block rewards have halved. Has this changed miners behaviour or the structure on mining.

Are there fewer empty blocks?
Have transaction fees increased?
Have any miners dropped out?
Is there a consolidation with some miners buying other mining companies?
Has the price of mining hardware dropped?

Is there any indication of future changes that miners will adopt?

I haven't heard any news of miners buying other mining companies.
The price of old mining hardware has fallen, example S7.

Yep, as usual with any miner, price has fallen. I don't see any change from the previous trend as the hashrate and difficulty continues to steadily rise. S7s are being phased out for S9's and they're going out at a rate that is letting difficulty and hashrate rise.

salmanahmedone

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Quote from: Jet Cash on December 17, 2016, 04:39:04 AM

So block rewards have halved. Has this changed miners behaviour or the structure on mining.

Are there fewer empty blocks?
Have transaction fees increased?
Have any miners dropped out?
Is there a consolidation with some miners buying other mining companies?
Has the price of mining hardware dropped?

Is there any indication of future changes that miners will adopt?

I haven't heard any news of miners buying other mining companies.
The price of old mining hardware has fallen, example S7.

unholycactus

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Every halving can easily be predicted and set to happen at a precise time.
Therefore, every change you've described is "priced in" over time.
Except the empty block thing that is not related since it's more about the number of transactions and not the number of miners.

QuintLeo

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Quote from: virasog on December 17, 2016, 01:41:57 PM

The transaction fee has increased a bit and we have to shell out more if we want to faster confirmation. Old miner with S7 should have been out of the game or must have upgraded to S9.

S7 is still profitable if your electric cost is low enough.

S5 and older probably need free electric to be profitable at this point.

virasog

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Quote from: Jet Cash on December 17, 2016, 04:39:04 AM

So block rewards have halved. Has this changed miners behaviour or the structure on mining.

Are there fewer empty blocks?
Have transaction fees increased?
Have any miners dropped out?
Is there a consolidation with some miners buying other mining companies?
Has the price of mining hardware dropped?

Is there any indication of future changes that miners will adopt?

The transaction fee has increased a bit and we have to shell out more if we want to faster confirmation. Old miner with S7 should have been out of the game or must have upgraded to S9.

SFR10

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Quote from: Jet Cash on December 17, 2016, 04:39:04 AM

Are there fewer empty blocks?

No, that's irrelevant.

Quote from: Jet Cash on December 17, 2016, 04:39:04 AM

Have transaction fees increased?

Yes, before the halving, the norm was around 60 Satoshi per byte but now is at 90-100 Satoshi (as of late).

Quote from: Jet Cash on December 17, 2016, 04:39:04 AM

Have any miners dropped out?

Yes, there was some overall hashing drops after the halving which makes sense: less reward and profit ratio = more miners stopping the process.

Quote from: Jet Cash on December 17, 2016, 04:39:04 AM

Is there a consolidation with some miners buying other mining companies?

I think you meant rigs instead of companies. As long as it would be efficient enough to make a profit then yes, but very minimal.

Quote from: Jet Cash on December 17, 2016, 04:39:04 AM

Has the price of mining hardware dropped?

The older ones always drop whenever a much more efficient miner comes out plus whenever they turnout to have lesser profit over time.

Quote from: Jet Cash on December 17, 2016, 04:39:04 AM

Is there any indication of future changes that miners will adopt?

Time will tell...

talkbitcoin

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All I know is that I know nothing.

why should it change anything?
before halving miners were being rewarded 25BTC for each block and bitcoin was worth starting $170-220 and stayed in $200 range for a very long time the last time i checked ended with $400ish price.

now they are getting paid with 12.5BTC per block and price started with $550 ish (rise happened before the block halving) and not it is $780

25*300 = 7,500
12.5*780= 9,750

Jet Cash

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So block rewards have halved. Has this changed miners behaviour or the structure on mining.

Are there fewer empty blocks?
Have transaction fees increased?
Have any miners dropped out?
Is there a consolidation with some miners buying other mining companies?
Has the price of mining hardware dropped?

Is there any indication of future changes that miners will adopt?

Topic: Has halving changed the structure of mining? (Read 765 times)