Post
Topic
Board Speculation
Re: What happens to Chinese mining companies if there is no halving price rise?
by
makingwin1
on 09/04/2016, 18:57:58 UTC
Will they go under?  Can they survive on half the amount of income?

answer is no, they can't survive, when block rewards will be halving they will get 2 times less, but fees will still be same, so miners would have to leave their jobs and it would be very bad for bitcoin if new miners wouldn't change old ones, but  i don't think that price won't go up, it should rise to 800$ atleast