When is the next Block halving planned to come? I want to start mining so need to know how that will effect Profit. If the rewards are halve, I guess we get 50procent less
income. If that is the case O really wonder when it is estimated to be.
Regards
Some users think if the block reward will drop to 12.5 btc then the bitcoin price for 1 btc will go up, but it is only an supposition.
It kind of makes sense that the price could go up but if mining is no longer profitable will we see difficulty come down? Will people quit buying mining equipment? When BTC was at it high price of $1000+ mining equipment was in big demand and most if not all was being bought using BTC and that was in my opinion one of the reasons that caused the high price. Its anybody's guess but be careful for a run up and dump.
If people will quit from the mining activity , the bitcoin network (called blockchain) with all the nodes, transaction, miners etc will be less secure and more weak to the various attack (51% , sybil attack, etc). The hash 'power' will drop drastically and if the price will not raise a lot of people will abandon bitcoin ( who think bitcoin as only speculation ).