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Topic: How halving will affect big mining companies? (Read 2533 times)

sr. member
Activity: 365
Merit: 251
Soon we will have even better and faster miners and this will be equal again.
It doesn't work like that. The system adjusts difficulty once a fortnight, so faster miners does not mean more blocks per hour once that has happened.
hero member
Activity: 2464
Merit: 594
Even to big companies out there, it seems it would also beneficial to them because of the block rewards. What ever the results of halving after it, those companies can still make a profit, it's a business you know. They are wiser than others, they will not let it to fall in bankruptcy.
legendary
Activity: 2786
Merit: 1031
I think during halving,i think they will adjust the price of mining power depends on the  currentbitcoin price.And i think they will also adopt the amount being mined a day on current bitcoin price.Because during halving it will be harder to mine bitcoins because  the blocks will divided into half.Thats what i think what will mining sites will do.

hero member
Activity: 700
Merit: 500
I think during halving,i think they will adjust the price of mining power depends on the  currentbitcoin price.And i think they will also adopt the amount being mined a day on current bitcoin price.Because during halving it will be harder to mine bitcoins because  the blocks will divided into half.Thats what i think what will mining sites will do.
legendary
Activity: 1470
Merit: 1004
If there is no price rise, the mining companies with high electricity cost will have to shut down their mining.

it will only remain  those from China. anyway China owns more than 90% from mining now and +95% from trades
legendary
Activity: 1344
Merit: 1000
they could get in early and buy electricity blocks on the cheap for

dates after the halving as insurance, also they can short the bitcoin

price on futures markets, their is many ways to protect your business

in the advanced markets that we have today,
legendary
Activity: 1596
Merit: 1005
★Nitrogensports.eu★
If there is no price rise, the mining companies with high electricity cost will have to shut down their mining.
There is no mining companies which started their mining project in a place with high electricity cost.
I don't think that people who bought mining gear worth thousands of dollars are idiots.
And if you think that mining farms will turn off their mining gear because block reward is now lowered you are gravely mistaken, mining will continue.
hero member
Activity: 2716
Merit: 552
If there is no price rise, the mining companies with high electricity cost will have to shut down their mining.
legendary
Activity: 1652
Merit: 1007
DMD Diamond Making Money 4+ years! Join us!
It ll lead to more centralisation, that s for sure. Only the most efficient will survive unless BTC jumps up big time.
full member
Activity: 196
Merit: 100
Each miner has a "critical point", when, in his opinion, the result does not justify the money spent on mining, and the course has an impact for sure. As Halving awards, here is difficult to predict the result of excluding exchange rate.And what to do with large-scale farms, which, moreover, has not even paid off? Maini will continue.Mining Large companies are looking for opportunities to reduce costs, new more efficient chips, etc.
legendary
Activity: 1442
Merit: 1000
halving will kill bitcoin mining. Unless you zero/very little energy costs
its just not efficient unless your mining for pure speculation anyway and
dont mind losing money at the moment and just waiting for bitcoin to go
way up.

Either way the asic companies will need to make a faster mouse trap that gives
roi with the mining conditions. It just makes older mining equipment even less
relevant than it already is.
legendary
Activity: 1246
Merit: 1049
I think nothing will happen. They will be operational still, if the price of bitcoin goes high. I think they only need a reserved funds because price of bitcoin will not jump fast from a low price to a higher price, it will slowly increase and that money will be needed to cover the expenses of their mining operation.
legendary
Activity: 2282
Merit: 1050
Monero Core Team
If the price remains constant, then the difficulty will fall as those mining operations with marginal operating costs drop out. Price could remain limited by the blocksize debate or even fall if the post halving boom fails to materialize.
full member
Activity: 196
Merit: 100
i have no idea about because i have no money to get bitcoin and keep them for mining. so i really cannto say any thing about it. but i am hopfull tha it will not be so. so i can only expect that nothing can affect the mining companies.
legendary
Activity: 1904
Merit: 1074
I mean companies like Genesis, HashFlare, Ocean, etc...
I think,mining companies will stop mine bitcoin for a while,stop make bitcoin transaction with big amount,and maybe they will stop operate their companies when halving come,and create a plan what will they do after halving,because its have possibility bitcoin price will raise up so high.

I doubt any of them will stop mining, because it is still profitable after the halving. Most of these are cloud based anyways and they will just shift some accounting to adapt for the change and go on as

normal. The smaller miners will definitely take a knock and many of them will exit the scene, but then the price must drop dramatically to $200 and below.. before this will happen. If a lot of them

exit the scene, the difficulty will reduce and bigger companies will just get stronger.  Roll Eyes
sr. member
Activity: 378
Merit: 251
I think nothing will happen, they will keep mining as usuall, maybe some day will be necessary to pay more fees. But anyway i think that halving will touch only single miners.
sr. member
Activity: 308
Merit: 250
The mind is everything. What you think you become.
I mean companies like Genesis, HashFlare, Ocean, etc...
I think,mining companies will stop mine bitcoin for a while,stop make bitcoin transaction with big amount,and maybe they will stop operate their companies when halving come,and create a plan what will they do after halving,because its have possibility bitcoin price will raise up so high.
sr. member
Activity: 350
Merit: 251
Shit, did I leave the stove on?
These are cloud mining companies that are selling 'mining packages' to customers. There are already packages for alt coins like Ethereum and the companies can very easy adjust the prices in their favor so that they are always in profit. I am pretty sure they are mining for themselves while selling their hashing power to customers so they are double-dipping in a way and I think the halving won't have any negative effects for them. Only private solo or small-time miners will be affected the most and I think they will most likely go out of business.
sr. member
Activity: 266
Merit: 250
Is it a better option for minining companies focus on mining other alt coins then sell them for Bitcoins after halving occurred?
sr. member
Activity: 415
Merit: 250
Halving dont have much effect on Compaines
Users will get most benefits from it.
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