Just a thought,
After bitcoin halving , the block reward will be reduced to half. So the profit will be decreased by 50% for miners.
Right?
Then what about the mining companies like hashocean? Will they shutdown?
Replies are welcome.
Ps: Correct me if I'm wrong on any thought.
as we can see now, hashocean turned into scam even before halving. but in general this has nothing to do with halving but the cloudmining service itself. they are the problem because they are running a fake mining operation to start with. they don't even have mining equipment and they only sell fake hash power as a ponzi scheme to people who fall for it.