Post-halving - Will miners still operate? - page 3.

clickerz

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Quote from: traderbit on June 25, 2016, 11:00:29 AM

Quote from: pandalion98 on June 25, 2016, 10:59:22 AM

I predict a decline in mining and pools shutting down one-by-one. Possibly, the difficulty will reduce.

What do you think will happen to the miners after halving?

They have no other choice rather than continue operating because there is always a hope that the bitcoin price will be increased so there will be still a profit for them. The price now i think is not bad for miners because there were mining also when the price was @200s so why not at $600 or $800s

When the bitcoin price was @$200 maybe the difficulty is low and block reward is high during that time. Meaning they still can have profit. Now, we have to see what will happen since the reward will be cut to half and difficulty is high. But still, its the market/supply and demand that will dictate. If the miner is reduced,maybe there's delay in transaction.If this happens,people will increase fees to be prioritize and processed.With this happening,IMHO it will attract some bitcoin miners again. Also, with the release of new models of mining hardware,hope it can mitigate the situation.

Gilligans

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Most miners would have to continue. As of right now though, I'm having quite a problem with one of the cloud mining sites like TopMine because of the fluctuating value of bitcoin. The rates of getting bitcoins is also changing, mostly slowing down.

traderbit

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Quote from: asriloni on June 25, 2016, 11:03:11 AM

Quote from: traderbit on June 25, 2016, 11:00:29 AM

Quote from: pandalion98 on June 25, 2016, 10:59:22 AM

I predict a decline in mining and pools shutting down one-by-one. Possibly, the difficulty will reduce.

What do you think will happen to the miners after halving?

They have no other choice rather than continue operating because there is always a hope that the bitcoin price will be increased so there will be still a profit for them. The price now i think is not bad for miners because there were mining also when the price was @200s so why not at $600 or $800s

don't think so,they have many choice especially on mining altcoin,it's all depend on the miners and their environtment such as the electricity cost or anything related to this

If miners will stop then it will be a big issue for the bitcoin network/community because the there will be lots of unconfirmed transaction, delayed transaction etc. But i think that they will continue (not all of them) but they will still mine bitcoin. The price can't be doubled immediately but gradually they will still have profit.

helloeverybody

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As long as they are making any profit at all i think they will continue. They have thousands in hardware that will be come obsolete unless they continue. So using that id say they have no choice unless they are mining at a complete loss with no speculation on bitcoin going up in price in the future. Although some will stop im sure, they will be more joe blogs at home.

asriloni

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Quote from: traderbit on June 25, 2016, 11:00:29 AM

Quote from: pandalion98 on June 25, 2016, 10:59:22 AM

I predict a decline in mining and pools shutting down one-by-one. Possibly, the difficulty will reduce.

What do you think will happen to the miners after halving?

They have no other choice rather than continue operating because there is always a hope that the bitcoin price will be increased so there will be still a profit for them. The price now i think is not bad for miners because there were mining also when the price was @200s so why not at $600 or $800s

don't think so,they have many choice especially on mining altcoin,it's all depend on the miners and their environtment such as the electricity cost or anything related to this

traderbit

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Activity: 798

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Quote from: pandalion98 on June 25, 2016, 10:59:22 AM

I predict a decline in mining and pools shutting down one-by-one. Possibly, the difficulty will reduce.

What do you think will happen to the miners after halving?

They have no other choice rather than continue operating because there is always a hope that the bitcoin price will be increased so there will be still a profit for them. The price now i think is not bad for miners because there were mining also when the price was @200s so why not at $600 or $800s

pandalion98

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Activity: 504

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I predict a decline in mining and pools shutting down one-by-one. Possibly, the difficulty will reduce.

What do you think will happen to the miners after halving?

Topic: Post-halving - Will miners still operate? - page 3. (Read 3069 times)