At current price of btc & current equipment with the diff the way it is all machines mining for profit & paying for electricity will be turned off...
The mining just for fun & people mining on solar will always be there
Topic: How much mining equipment will be shut off when the block reward is halved? (Read 1066 times)
June 27, 2015, 06:21:10 AM
June 10, 2015, 02:22:10 AM
a good % but bears in mind that the technology will progress before that the halving will happen, this will lead to some miners being still alive by the time the halving come, and after it
so they will be forced to produce more efficient miners and not increase their hash, this is a good thing, less energy wasted
so they will be forced to produce more efficient miners and not increase their hash, this is a good thing, less energy wasted
June 09, 2015, 04:06:03 PM
How much mining equipment will be shut off when the block reward is halved next year? if the price is the same as it is today? im thinking a lot since the block reward will be 50% less.
I'm guessing at least 25% of miners will be selling their equipment, while 25% continue mining, and 50% mining Altcoins. That's just my opinion, once it happens, there will be more opportunities for more SHA-256 Altcoins to be created.
June 09, 2015, 03:39:31 PM
I don't think it will be 50%. Maybe if the miners are in North America or Europe.
But in China or other undeveloped nations, making 50% less is still alot of money for some.
But in China or other undeveloped nations, making 50% less is still alot of money for some.
June 09, 2015, 03:28:09 PM
Well I would predict at least 50% of it depending on equipment at the time if any faster than now and more energy effective. More people will jump off it for a while and do it in rallys sort of like jump off wait for diff to massively spike down jump back on with a lot oh has power and mine more in a quicker time frame.
June 09, 2015, 02:01:35 PM
Almost none cause the price wont stay the same. About 3 months prior to the halving, we re gonna start seeing hamster being more active then usual and the price ll start to climb.
Current supply is in equilibrium, the market s been able to absorb the amount of new coins being sold to the market. If the supply gets cut in half and demand stay the same, what happens with the price?
Current supply is in equilibrium, the market s been able to absorb the amount of new coins being sold to the market. If the supply gets cut in half and demand stay the same, what happens with the price?
June 09, 2015, 09:40:13 AM
How much mining equipment will be shut off when the block reward is halved next year? if the price is the same as it is today? im thinking a lot since the block reward will be 50% less.
There is just so much left to see it's hard to say. We need to see what price does leading up to halving. What type of gear is out at the time.
We can guess on a lot of it, but it will be pure speculation till it get's closer. I think price of BTC will be a big indicator of how it will go once we are a decent amount closer.
June 09, 2015, 09:15:58 AM
How much mining equipment will be shut off when the block reward is halved next year? if the price is the same as it is today? im thinking a lot since the block reward will be 50% less.
If the price is same then I am assuming about 40% mining equipment will shut off, the other 10% is people who mine for fun. Anyway I am pretty sure the price would increase after halve as miner dumping would cut in half.
June 09, 2015, 06:39:27 AM
How much mining equipment will be shut off when the block reward is halved next year? if the price is the same as it is today? im thinking a lot since the block reward will be 50% less.
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