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Topic: What will happen if there's no price rise for the halfing? - page 8. (Read 13571 times)

legendary
Activity: 3668
Merit: 6382
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If the price doesnt rise then the miners stop mining because of  lack of profit, Once this happens the network becomes less secure and bitcoin starts dying off. Whats to stop this from happening?  Maybe we are getting to prices that cant be maintained with the current user base. I wasnt here at the last halfing and the price will need to be much higher so im not too sure what will happen.

It depends a lot of what will happen until the halving.
A lot of voices tell that Bitcoin is under valuated even now. If you remember, Bitcoin was 250$ not long ago and the mining did not stop. Now it's over 400$.

I don't expect much movement price wise, excepting some pump and dump.
I surely don't expect the price to double, that's for sure.

If needed, the market will adjust over time. Some miners will wait for the price to rise, some will not. Some are more efficient than others and will remain in the business, some are dreamers and stay in the business, some will leave the mining area. The difficulty will also adjust. You will not feel the difference.


full member
Activity: 206
Merit: 100
Miners will always find a way to profit, there will always be someone who is using more expensive electricity and therefore will have to deactivate their chips. They were profitting when the price was $220, some miners, particularly those who are not based in cheap electricity zones will have a hard time, but mining in general won't care that much.

Well only the miners who were getting less profit because of increased power consumption charge will be affected badly rather than other miners. Such miners can decrease there production else they can't manage.

In a year or two, the only miner can operate are the ones that have cheap electricity. The difference between mining efficiency will be minimal.
hero member
Activity: 2618
Merit: 548
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Miners will always find a way to profit, there will always be someone who is using more expensive electricity and therefore will have to deactivate their chips. They were profitting when the price was $220, some miners, particularly those who are not based in cheap electricity zones will have a hard time, but mining in general won't care that much.

Well only the miners who were getting less profit because of increased power consumption charge will be affected badly rather than other miners. Such miners can decrease there production else they can't manage.
hero member
Activity: 826
Merit: 500
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Bitcoin halving is already priced in.  Bitcoin total supply is 21 million everyone knows that so all future halvings are priced in.

Ethereum will grow market cap as bitcoin stagnates.  Hopefully the chinese miners go bust after halving which should do bitcoin a favour.

no the bitcoin halving is not priced in anymore, because the diff doubled basically, it was priced in when the diff was 70B now 140B+

so there is the need for another increase for the miners, to have the same profit as before

Ok would you care to detail a bit? I didn't understand you at all xD

What's the diff?

He is a fucking idiot.


Bitcoin halving is priced in. Difficulty is just a function of the number of miners.  Just means they will be even more fucked when the halving happens.


Buy ethereum guys.

yeah sure keep insulting for no reason when you're wrong, difficult increase by 2x so it means that miners are earning right now exactly the same they were earning at 2xx price with 70B difficulty

all this mean that we need another 2x increase to face the halving without another 2x increase in the diff, otherwise will be pointless....



Or we'll just see a difficulty decrease!

It wouldn't be a bad thing in itself no? I mean what's the point of high difficulty for non miners?
legendary
Activity: 3248
Merit: 1070
Bitcoin halving is already priced in.  Bitcoin total supply is 21 million everyone knows that so all future halvings are priced in.

Ethereum will grow market cap as bitcoin stagnates.  Hopefully the chinese miners go bust after halving which should do bitcoin a favour.

no the bitcoin halving is not priced in anymore, because the diff doubled basically, it was priced in when the diff was 70B now 140B+

so there is the need for another increase for the miners, to have the same profit as before

Ok would you care to detail a bit? I didn't understand you at all xD

What's the diff?

He is a fucking idiot.


Bitcoin halving is priced in. Difficulty is just a function of the number of miners.  Just means they will be even more fucked when the halving happens.


Buy ethereum guys.

yeah sure keep insulting for no reason when you're wrong, difficult increase by 2x so it means that miners are earning right now exactly the same they were earning at 2xx price with 70B difficulty

all this mean that we need another 2x increase to face the halving without another 2x increase in the diff, otherwise will be pointless....



This can be applied to the situation with Ethereum. The difficulty doubled, but fortunately, the price is 6 fold.

correct, in fact right now the diff on bitcoin is slowing down, we are in negative, miners aren't stupid they knwo that they do not have huge margin anymore on profit(4-5 x the consuming to be precise)

so i don't expect any major diff increase for the moment unless the value skyrocket to 2x again and so on...endless cycle
full member
Activity: 206
Merit: 100
Miners will always find a way to profit, there will always be someone who is using more expensive electricity and therefore will have to deactivate their chips. They were profitting when the price was $220, some miners, particularly those who are not based in cheap electricity zones will have a hard time, but mining in general won't care that much.

When it is less profitable to mine with the S7 with current settings, they will reduce the voltage and make it more efficient.
newbie
Activity: 31
Merit: 0
Miners will always find a way to profit, there will always be someone who is using more expensive electricity and therefore will have to deactivate their chips. They were profitting when the price was $220, some miners, particularly those who are not based in cheap electricity zones will have a hard time, but mining in general won't care that much.
sr. member
Activity: 357
Merit: 250
Bitcoin halving is already priced in.  Bitcoin total supply is 21 million everyone knows that so all future halvings are priced in.

Ethereum will grow market cap as bitcoin stagnates.  Hopefully the chinese miners go bust after halving which should do bitcoin a favour.

no the bitcoin halving is not priced in anymore, because the diff doubled basically, it was priced in when the diff was 70B now 140B+

so there is the need for another increase for the miners, to have the same profit as before

Ok would you care to detail a bit? I didn't understand you at all xD

What's the diff?

He is a fucking idiot.


Bitcoin halving is priced in. Difficulty is just a function of the number of miners.  Just means they will be even more fucked when the halving happens.


Buy ethereum guys.

yeah sure keep insulting for no reason when you're wrong, difficult increase by 2x so it means that miners are earning right now exactly the same they were earning at 2xx price with 70B difficulty

all this mean that we need another 2x increase to face the halving without another 2x increase in the diff, otherwise will be pointless....



This can be applied to the situation with Ethereum. The difficulty doubled, but fortunately, the price is 6 fold.
legendary
Activity: 3248
Merit: 1070
Bitcoin halving is already priced in.  Bitcoin total supply is 21 million everyone knows that so all future halvings are priced in.

Ethereum will grow market cap as bitcoin stagnates.  Hopefully the chinese miners go bust after halving which should do bitcoin a favour.

no the bitcoin halving is not priced in anymore, because the diff doubled basically, it was priced in when the diff was 70B now 140B+

so there is the need for another increase for the miners, to have the same profit as before

Ok would you care to detail a bit? I didn't understand you at all xD

What's the diff?

He is a fucking idiot.


Bitcoin halving is priced in. Difficulty is just a function of the number of miners.  Just means they will be even more fucked when the halving happens.


Buy ethereum guys.

yeah sure keep insulting for no reason when you're wrong, difficult increase by 2x so it means that miners are earning right now exactly the same they were earning at 2xx price with 70B difficulty

all this mean that we need another 2x increase to face the halving without another 2x increase in the diff, otherwise will be pointless....

sr. member
Activity: 686
Merit: 270
FREEDOM RESERVE
Bitcoin halving is already priced in.  Bitcoin total supply is 21 million everyone knows that so all future halvings are priced in.

Ethereum will grow market cap as bitcoin stagnates.  Hopefully the chinese miners go bust after halving which should do bitcoin a favour.

no the bitcoin halving is not priced in anymore, because the diff doubled basically, it was priced in when the diff was 70B now 140B+

so there is the need for another increase for the miners, to have the same profit as before

Ok would you care to detail a bit? I didn't understand you at all xD

What's the diff?

He is a fucking idiot.


Bitcoin halving is priced in. Difficulty is just a function of the number of miners.  Just means they will be even more fucked when the halving happens.


Buy ethereum guys.
hero member
Activity: 826
Merit: 500
Join @Bountycloud for the best bounties!
Bitcoin halving is already priced in.  Bitcoin total supply is 21 million everyone knows that so all future halvings are priced in.

Ethereum will grow market cap as bitcoin stagnates.  Hopefully the chinese miners go bust after halving which should do bitcoin a favour.

no the bitcoin halving is not priced in anymore, because the diff doubled basically, it was priced in when the diff was 70B now 140B+

so there is the need for another increase for the miners, to have the same profit as before

Ok would you care to detail a bit? I didn't understand you at all xD

What's the diff?
legendary
Activity: 3248
Merit: 1070
Bitcoin halving is already priced in.  Bitcoin total supply is 21 million everyone knows that so all future halvings are priced in.

Ethereum will grow market cap as bitcoin stagnates.  Hopefully the chinese miners go bust after halving which should do bitcoin a favour.

no the bitcoin halving is not priced in anymore, because the diff doubled basically, it was priced in when the diff was 70B now 140B+

so there is the need for another increase for the miners, to have the same profit as before
sr. member
Activity: 686
Merit: 270
FREEDOM RESERVE
Bitcoin halving is already priced in.  Bitcoin total supply is 21 million everyone knows that so all future halvings are priced in.

Ethereum will grow market cap as bitcoin stagnates.  Hopefully the chinese miners go bust after halving which should do bitcoin a favour.
hero member
Activity: 1190
Merit: 500

any cause if there is no price increase. probably because bitcoin users diminishing ? #imo
sr. member
Activity: 434
Merit: 250
Young but I'm not that bold
If a lot of miners stop mining dew to the halving, the mining difficulty will fall and new miners will continue the mining with no problem.
we have to understand that mining is profitable for some people even if the prices fall to the deep. so do not worry Cheesy
legendary
Activity: 3234
Merit: 1214
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This doesn't look to be a big issue. Even when the price was $200 also the miners got benefited as well users got benefited. Now the price is found to be good and profitable just with its normal or natural increase. So next time people won't have much expectation on halving.
legendary
Activity: 1232
Merit: 1091
I think Ethereum will continue to grow market cap.  People are sick to death of BTC right now.  There won't be a price rise at halving which will actually be good for BTC in the long run because it will kill off the chinese miners

I really can't imagine some one being sick to death of Bitcoin as everything is moving in the right direction. Only time will tell what kind of increase the comming block halving will bring. I am sure it will be a more than decent increase.
sr. member
Activity: 686
Merit: 270
FREEDOM RESERVE
I think Ethereum will continue to grow market cap.  People are sick to death of BTC right now.  There won't be a price rise at halving which will actually be good for BTC in the long run because it will kill off the chinese miners
newbie
Activity: 70
Merit: 0
Whether the price rises or not, when miners were already profiting at 25 BTC rewards when the price was $220, then I guess the price has already reached ~2x of it, so there won't be much effect even if the price remains as it is...

the price $220 per one 1BTC was when the difficulty was x2.5 less comparing to current values
think about it  Grin

I think we will not see $220 ever. It is the price in the history. We will not see $400 in 6 months.
legendary
Activity: 1260
Merit: 1019
Whether the price rises or not, when miners were already profiting at 25 BTC rewards when the price was $220, then I guess the price has already reached ~2x of it, so there won't be much effect even if the price remains as it is...

the price $220 per one 1BTC was when the difficulty was x2.5 less comparing to current values
think about it  Grin
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