Post
Topic
Board Bitcoin Discussion
Re: Bitcoin Halving
by
Baofeng
on 31/03/2020, 11:31:53 UTC
Does Coronavirus impact Bitcoin halving & future?

Bitcoin halving needs new mining equipment every time; because once a Bitcoin halving takes place, the existing equipment becomes inefficient for mining. Mining farms then replace the old equipment to be on par with the new algorithm challenges.

I think miners are already prepared their gear for the block halving, they have ample time to setup hardware to become efficient, if that is your argument. So I don't think that they will simply stop their business, so it is unlikely that there will be no profits for them. And it everything remains the same, i.e. power consumption, hash rate and power cost they can still used their old hardware to mine even after the block halving.