Post
Topic
Board Speculation
Re: Bitcoin miners are now losing money
by
buwaytress
on 19/03/2018, 13:24:25 UTC
More or fewer miners will have no impact on the supply... Bitcoin will always be generated at more or less every 10 minutes, whether there's 1 miner like when it all began or thousands like they are now. Tired of the bear move? You've got to get more stamina into you.

No impact on the supply, because of the difficulty adjustment? Fair enough, I believe that's a good point.

More stamina, I would love to have that! Been trading crypto for two years and I was getting used to seeing mostly green and making profits, but lately it's all red and losses. I'm just not used to this bear market I guess, it takes my energy, I can't think straight. Practical advice is always appreciated Smiley

Not really a good point... just the way Bitcoin's supply mechanism has worked every since the first block was mined all those years ago! I think the point here is that the mining "industry"'s impact is overthought. The mechanism's been in place for a decade now and has proven to be very well thought out. Dynamics have changed, pricing has also caused that dynamic to evolve, but bitcoin supply is on an extremely predictable trajectory.

Stamina: yes. You've been here two years, that's actually longer than I have. I'm very used to the volatility, and recognise that I've been here a fraction of the time of the early adopters. It's a long, long ride, to a finish that none of us will be alive to see. So relax!