Quote from: hatshepsut93 on Today at 07:04:53 AM

Quote from: nongrada77 on April 15, 2020, 08:02:08 AM

⁃ Halving will take place in less than two months when the reward for bitcoin block generation will be halved — from 12.5 BTC to 6.25 BTC. After two previous halvings, the price of bitcoin increased and compensated for the loss of bonuses for miners. The March drop in prices so far puts the upcoming halving on uncharted territory.

Look at the hashrate chart, when the price declined by ~50% the hashrate dropped by only 16%. It's clear that miners are making big profits with even the current price, so they will be able to afford to keep mining even after the halvening. Some will drop out, but it will be only a small minority. Halvening is a very predictable event, miners were preparing for it for years by upgrading their equipment, and those who didn't simply don't expect to mine after the halvening.

that's true but it is mainly because hashrate changes are a lot more complicated than price changes. the miners are making decision based on the price but not immediately and not directly. most of them (specially the bigger ones) are already selling their coins off the market at a higher price due to just being "fresh coins" and they have contracts for these deals that may not change with every sudden price change that takes place.