well it depend because at some point if the price will not increase there will be zero incentive for them to mine, unless they have free electrcity, but even then if the price is very low, they can not add other equipments and the network will not grow and can be vulnerable
and i doubt every single miners out there will have free electricity in the best scenario, so many will simply leave the game
When you write things like "zero incentive", "free electricity", and "every single miner", you are being absurd. None of those apply. It isn't worth discussing.and i doubt every single miners out there will have free electricity in the best scenario, so many will simply leave the game
I guess I wasn't clear. You wrote that there is no way that miners could continue to mine if the reward was near zero and the price did not increase. My point is that mining will continue. If the price doesn't change over the next 9 halvings then the block reward will be around $15. People were mining when the block reward was $10. They will mine when it is $15.
those are only for people that already reached roi and there will be no more added equipments because there will be not enough profit for everyone, this mean that the network can not grow anymore with that tiny reward
anyway the point stand, before it was possible to mine with $10 in block reward because as i said, the hash was very poor, so there where no expensive bill cost in play, now it's different, they cannot mine with $15 when a bif farm is consuming 100k in electrcicity cost alone...
yeah they wil keep mining, but the total hash will be greatly reduced, which lead to an insecure network, you can't compare with the past
those people were the minority there is no way you can have 400 peta of hash as it is right now with free electrcicty, you must be dreaming
the network will fall apart this is certain, it does not matter if some random miners with free electricity will join again, not even 100 peta will be achieved with a $10 reward in block
tell me how can a farm of 50 peta for example, sustain a $15 block reward, with their maintenance and their bills cost....even with free electricty it's not sustainable, because of maintanance
