Re: Why will this ½ ing be different that all the older ones for the miners of btc?
⭐ Merited by Foxpup (4)
It's weird for me this is my first halving as an active participant. I made my mind up on what I am expecting, it's an incredibly narrow look at things overall. Thinking about these things is why I have decided to get myself to capacity sooner rather than later for my personal mining. This way by the halving my machines won't owe me anything
I expect the block reward to be cut in half. I know very bold statement but I think I can stick by that.
Seriously though,
I think pricewise is is going to look like September to December 2017, before the halving. Not necessarily the same ATH, but maybe around 13 000$.
I believe we will see a large increase in hashrate leading up to the halving, from people throwing not necessarily profitable machines online to earn as many coins as possible. They will be banking on a price spike after the halving.
Immediately after the halving we are likely to see a pretty good drop in hashrate; more than the increase leading into it. I think that many people are going to become non-profitable shortly after the halving. Unless there is a large sustained rise in price to offset the lower mining rewards.
My biggest hope, is that with the block reward cut. Certain pools will stop mining empty blocks, or their miners realize how stupid it is to mine at these pools.
I expect the block reward to be cut in half. I know very bold statement but I think I can stick by that.
Seriously though,
I think pricewise is is going to look like September to December 2017, before the halving. Not necessarily the same ATH, but maybe around 13 000$.
I believe we will see a large increase in hashrate leading up to the halving, from people throwing not necessarily profitable machines online to earn as many coins as possible. They will be banking on a price spike after the halving.
Immediately after the halving we are likely to see a pretty good drop in hashrate; more than the increase leading into it. I think that many people are going to become non-profitable shortly after the halving. Unless there is a large sustained rise in price to offset the lower mining rewards.
My biggest hope, is that with the block reward cut. Certain pools will stop mining empty blocks, or their miners realize how stupid it is to mine at these pools.