Topic: what would happen if one day the hash rate is so high no miner is profitable ? (Read 348 times)
August 08, 2017, 06:27:19 AM
If the hash rate is so high, I believe that it will impact the prices, too. The higher the hashrate is, the more expensive bitcoin will be. Therefore, miners will always earn a good amount of money with mining and you no need to worry about it. That is the nice question, i guess
August 08, 2017, 06:22:11 AM
If the hashrate will be so high and there is no miner that will make profit in mining then it will become the end for bitcoin because there is no sense to run those miners if they can't earn money with bitcoin so i think bitcoin will just die and a lot of people will become sad on that day but we need to accept that everything has an end.
August 08, 2017, 06:13:47 AM
The hashrate is increase exponentially and certainly unsustainable. What will happen if one day, the hashrate is so high, no miners would profit from mining it?
difficulty adjustments
Do you think the bitcoin hashrate will decrease at some point? Historically, it's been increasing all the time? When do you think it will happen?
That's not completely true... The hashrate has had drops in the past... In this case the diff was adjusted downwards.
To answer your question: for most miners, if they cannot make a profit, they'll shut down their gear... Hashrate drops, diff drops at the next adjustment, the leftover miners can mine at a lower diff (making more profit)...
I kind of see a miner monopoly coming in the future. Any miners with high electricity bill will be out of market and small business miners will be out of market due to higher cost and may lead to one or several miners monopoly in the future.
thats already basically the scenario. mining bitcoin by yourself is pretty damn unprofitable. pools run the show, and that goes towards most gpu mining as well.
August 08, 2017, 06:10:19 AM
The hashrate is increase exponentially and certainly unsustainable. What will happen if one day, the hashrate is so high, no miners would profit from mining it?
difficulty adjustments
Do you think the bitcoin hashrate will decrease at some point? Historically, it's been increasing all the time? When do you think it will happen?
That's not completely true... The hashrate has had drops in the past... In this case the diff was adjusted downwards.
To answer your question: for most miners, if they cannot make a profit, they'll shut down their gear... Hashrate drops, diff drops at the next adjustment, the leftover miners can mine at a lower diff (making more profit)...
I kind of see a miner monopoly coming in the future. Any miners with high electricity bill will be out of market and small business miners will be out of market due to higher cost and may lead to one or several miners monopoly in the future.
August 08, 2017, 06:04:54 AM
The hashrate is increase exponentially and certainly unsustainable. What will happen if one day, the hashrate is so high, no miners would profit from mining it?
difficulty adjustments
Do you think the bitcoin hashrate will decrease at some point? Historically, it's been increasing all the time? When do you think it will happen?
That's not completely true... The hashrate has had drops in the past... In this case the diff was adjusted downwards.
To answer your question: for most miners, if they cannot make a profit, they'll shut down their gear... Hashrate drops, diff drops at the next adjustment, the leftover miners can mine at a lower diff (making more profit)...
August 08, 2017, 05:58:42 AM
The hashrate is increase exponentially and certainly unsustainable. What will happen if one day, the hashrate is so high, no miners would profit from mining it?
difficulty adjustments
Do you think the bitcoin hashrate will decrease at some point? Historically, it's been increasing all the time? When do you think it will happen?
August 08, 2017, 05:33:00 AM
The hashrate is increase exponentially and certainly unsustainable. What will happen if one day, the hashrate is so high, no miners would profit from mining it?
difficulty adjustments
August 08, 2017, 05:12:03 AM
The hashrate is increase exponentially and certainly unsustainable. What will happen if one day, the hashrate is so high, no miners would profit from mining it?
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