Quote from: deisik on November 10, 2015, 09:30:18 PM

Quote from: Nemo1024 on November 10, 2015, 08:21:23 PM

Quote from: deisik on September 22, 2015, 06:38:16 PM

Quote from: spazzdla on September 22, 2015, 06:03:59 PM

Quote from: deisik on September 22, 2015, 04:49:14 PM

Quote from: odolvlobo on September 22, 2015, 04:44:58 PM

What?

Who has the most power over Bitcoin? Right, these are mining pools. Who is most interested in preserving the current block reward? The same mining pools...

Who gives a fuck what the pools do, it's what the miners do.

Mining pools act on behalf of the miners. Besides, do you understand that the miners will be the first to welcome the cancellation of halving?

No.

I've been mining since late CPU/early GPU days and still going strong. Been through the 50BTC->25BTC halving, when some of the same concerns were aired

If no, why not then give me half of your earnings?

Quote from: Nemo1024 on November 10, 2015, 08:21:23 PM

BTC50 or BTC25 or BTC12.5 or BTC6.25 or BTC3.125 or BTC1.5625 or BTC0.78125 or BTC0.390625 ...

Okay, we are well past the 50 BTC reward, but may I hope that you will make do equally well with the remaining numbers right now?

The problem will solve itself. The reward over time is only as low as many miners take part in the mining game. Lower the reward and many miners will switch off their unprofitable miners. Which means the remaining rewards will be split through the remaining miners, which means they will earn more.

Given that we have 100 times more miners than we would need then you can assume that if 99% of all miners were switched off then the remaining 1% would earn 100 times the earning they had before. Market will find it's way. And mining will always be profitable for those who can get their hands on cheap hardware.