Mining Reward Shock Coming for Bitcoin: Bitcoin Block Mining Reward will be reduced to 6.25 Bitcoins from the current value of 12.5 Bitcoins. For the BTC miners if mining of Bitcoin has to be profitable at these block reward levels, which is half of the current levels, the price of Bitcoin has to at least double the current levels by May 2020. But the hope and expectations of this happening has been dampened by Jihan Wu himself, who is the CEO of Bitmain which manufactures Antminers the most popular Models of Bitcoin Miners.. The reason is this.. Already the latest model of Antminers are technologically stretched in terms of the number of nano chips that can be cramped into a single miner. And just a few months after the launch these high-tech models, bitcoin miners mining with these models are already facing a situation of having to make a loss since BTC prices dropped from 10000 levels to 8000 levels. BItmain's S17 pro costs roughly 4000 USD including Shipping and Duties. At current price levels just to recover the cost of the miner one has to mine for 30 months! So by chance if Bitcoin price stays at the current level of 8000 till next May, Bitcoin mining will become nonviable for these users who purchased these new Antminers at a huge price just a few months back.. And not just that.. Bitmain will have to introduce new Antminers with double the hash rate to make the same level of profit.. Existing users have to dump the current models as scrap, having recovered just one third of the cost and shift to more expensive new models that will obviously consume more electricity! So Jihan Wu is a worried man! Today the market for BTC is more mature with a lot of Institutional Players participating in it. So it is high;y improbable that Bitmain can attempt and be successful in pushing up the price of BTC up to 20000 levels like the way Bitmain did in Nov - Dec 2018! Compare all this technological mess with SWATCoin mining. Simple yet powerful. Pocket Miners will have the same mining power 6 months down the line or 12 months down the line and will continue to mine 1 USD worth of SWAT even 1 year or 2 years down the line. As we move into the future more and more people will understand, appreciate and adopt the simple yet powerful technology behind our Pocket Miners. In this article below Jihan Wu accepts that the price of BTC might not move up but yet says it is a good time to invest in Bitcoin mining! With such daunting technological problems to surmount in the foreseeable future for Bimain and Bitcoin.. We can only be happy that Pocket Miners are sitting pretty with the simple and solid technology behind it and with such low initial investment and short break even points when compared to Antminers!

Cheers Everyone!

https://www.forbes.com/sites/billybambrough/2019/10/14/bitmain-ceo-jihan-wu-made-an-uncertain-2020-bitcoin-warning/#47b9ef01ecc6