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.
Hashocean has no mining facilities and it is actually a ponzi scheme. They are not liquid and not transparent they dont show the video or picture of their facilities their officers. Almost all are unknown about them and their scheme of mining bitcoin is questionable. Other mining companies may shut down if maintenance kick their backs but others will go on since they already have prepared for the difficulty of mining. It is still safe to invest on mining but just check their background first before investing to avoid scams.