Re: Will many miners have to stop mining at the end of the month?
Currently miners are getting 1/8th the coins they did a year ago for the same hash rate.
But BTC has doubled in price.
Even so, that would mean that Bitcoins are still only at a quarter of their value,
and we should see prices increase to around 4x their current rate, or just above $2500?
(Obviously this won't happen, but it does mean prices have to increase eventually, right?!?!)
But BTC has doubled in price.
Even so, that would mean that Bitcoins are still only at a quarter of their value,
and we should see prices increase to around 4x their current rate, or just above $2500?
(Obviously this won't happen, but it does mean prices have to increase eventually, right?!?!)