What do you expect from miners to do after halving ?

uki

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Quote from: maokoto on May 11, 2016, 02:49:45 PM

Quote from: uki on May 11, 2016, 02:41:25 PM

Quote from: HarryKPeters on May 11, 2016, 10:54:40 AM

I think a lot of miners will stop with mining because it will not be profitable anymore, I hope they will save now some bitcoins so they can still make profit with the halving, I would reallt consider this as a miner.

Don't cry for miners. The biggest miners are also one of the biggest whales. And this is unfortunately a bad news. They may use their coins to push the price down, while waiting for the difficulty to adjust hedging thus the lower income from mining with the gain from collecting back the coins at the lower prices from the smaller investors, who will get scared seeing losses instead of halving pump.

That is a good point. Had not thought about that. But it can go wrong if the dump is such that people lose interest in Bitcoin on a big scale

Actually, the lower it goes the better for them, as they will earn more collecting back Bitcoins at lower levels. People who lose interest in Bitcoin will be substituted by the new greedy people who yet need to be burned. Same as it worked after the Mt. Gox crash. Rinse and repeat.

romero121

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As most of the miners were doing it in the small scale, definitely there will be a big loss after the days of halving. This means they will get less profit compared to the days before halving. So to compensate it miners may make mining effective with less miscellaneous losses.

pooya87

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Quote from: uki on May 11, 2016, 02:41:25 PM

Quote from: HarryKPeters on May 11, 2016, 10:54:40 AM

I think a lot of miners will stop with mining because it will not be profitable anymore, I hope they will save now some bitcoins so they can still make profit with the halving, I would reallt consider this as a miner.

Don't cry for miners. The biggest miners are also one of the biggest whales. And this is unfortunately a bad news. They may use their coins to push the price down, while waiting for the difficulty to adjust hedging thus the lower income from mining with the gain from collecting back the coins at the lower prices from the smaller investors, who will get scared seeing losses instead of halving pump.

that would be a stupid plan. first of all miners will still profit after the halving even in the current price which is already rising and doesn't seem to stop. also i say that is stupid because dumping to lower the price by whales means dumping it hard and big which will make bitcoin almost dead, nobody is going to buy bitcoin if the price drops $100-$200 so the rise back (so they can profit again) would take forever meaning they will lose more than they could gain from this plan.

maokoto

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Quote from: uki on May 11, 2016, 02:41:25 PM

Quote from: HarryKPeters on May 11, 2016, 10:54:40 AM

I think a lot of miners will stop with mining because it will not be profitable anymore, I hope they will save now some bitcoins so they can still make profit with the halving, I would reallt consider this as a miner.

Don't cry for miners. The biggest miners are also one of the biggest whales. And this is unfortunately a bad news. They may use their coins to push the price down, while waiting for the difficulty to adjust hedging thus the lower income from mining with the gain from collecting back the coins at the lower prices from the smaller investors, who will get scared seeing losses instead of halving pump.

That is a good point. Had not thought about that. But it can go wrong if the dump is such that people lose interest in Bitcoin on a big scale

uki

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Quote from: HarryKPeters on May 11, 2016, 10:54:40 AM

I think a lot of miners will stop with mining because it will not be profitable anymore, I hope they will save now some bitcoins so they can still make profit with the halving, I would reallt consider this as a miner.

Don't cry for miners. The biggest miners are also one of the biggest whales. And this is unfortunately a bad news. They may use their coins to push the price down, while waiting for the difficulty to adjust hedging thus the lower income from mining with the gain from collecting back the coins at the lower prices from the smaller investors, who will get scared seeing losses instead of halving pump.

Nimbulan

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Quote from: OmegaStarScream on April 22, 2016, 01:03:14 PM

So what do you think miners are going to do after the halving block reward ? more miners will come ? current miners will shutdown or they will stay the same and simply ask for more "$" for the Bitcoin .

i think that first of all, they will be very afraid of halving as price might not rise at all, so in this case they would have to leave mining as it not profitable anymore

but new miners should come in their place as price of bitcoin will probably rise, so even if old miners will leave, new will replace them, so either way it is good for us

~BitSy~

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I think a lot of miners will have to shut down and after the networks difficulty adjusts to new difficulty that could be a big drop then some old miners will jump back. This is if the halving doesn't have good enough effect on value of bitcoin.

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Quote from: OmegaStarScream on April 22, 2016, 01:03:14 PM

So what do you think miners are going to do after the halving block reward ? more miners will come ? current miners will shutdown or they will stay the same and simply ask for more "$" for the Bitcoin .

The third option imho, definitely. If enough of them stop selling, there will be less of newly created coins that will end up on the market. I even think how that
would create cascade reaction and price would boom once again. It's funny to me how people quickly turn from praising the halving to fearing it.
The only thing that will change is the price of coins, im confident about it.

HarryKPeters

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I think a lot of miners will stop with mining because it will not be profitable anymore, I hope they will save now some bitcoins so they can still make profit with the halving, I would reallt consider this as a miner.

DuckKeeper

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Quote from: OmegaStarScream on April 22, 2016, 01:03:14 PM

So what do you think miners are going to do after the halving block reward ? more miners will come ? current miners will shutdown or they will stay the same and simply ask for more "$" for the Bitcoin .

The miners are just going to be doing what they are always doing.
They just are going to keep on mining there coins and sell them for all the profit.

eddie13

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I think we will see a wave of hash flow into altcoins as BTC profitability drops in half multipools will ravage alts one at a time until BTC is most profitable again.

r0ach

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Quote from: OmegaStarScream on April 22, 2016, 01:03:14 PM

So what do you think miners are going to do after the halving block reward ?

Probably buy a castle, yacht, or spaceship.

longbob72

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what they will do after the halving depends on the price of bitcoin plus their electricity cost plus the total hashrate of their miners. obviously most (not all) will stop if they are no longer making money. most of the new miners would want to wait for a new cost-effective asic before they start mining.

cooldgamer

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I think that lots of them will sell their hardware and try to make something back, but end up failing. The other portion of the home miners will keep going and see it as money already invested.

As for the huge industrial miners, they're probably going to stay in it considering they've spent so much on the infrastructure already.

bitcoinhopper

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I think some will keep mining and some will stop mining at all because they will not make profit anymore due to the electricity bills.
There is also a good chance they will stop and now keep all their mined bitcoins to later after the halving make a lot of money by selling all their mined coins.

airezx20

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I think miner should start right now so that their mined bitcoin can be profitable after block halving.. and i think after block halving if they notice that mining is not profitable after block halving most miners will shutdown.. as my speculation..

hd060053

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some of them will quit, some of them will wait for a price increase

Amph

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everyone at 20 cent will shutdown, everyone at 10 cent will shutdown too, everyone at 5 cent will still have profit, and if they release those new asic with double the efficiency there is margin for the ther to continue

~BitSy~

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Due to the possibility of spike in bitcoins worth I think more miners will come into play even though the supply will be cut into half. I think there will be enough spike to let miners continue and even something more in forms of making room for more miners to come into play.

MatTheCat

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Quote from: OmegaStarScream on April 22, 2016, 01:03:14 PM

So what do you think miners are going to do after the halving block reward ? more miners will come ? current miners will shutdown or they will stay the same and simply ask for more "$" for the Bitcoin .

Scramble to lock in as much profits as they can and dump like fuck right back down to whatever 'they' think the baseline value of Bitcoin should be.

Topic: What do you expect from miners to do after halving ? (Read 978 times)