Quote from: avikz on May 11, 2020, 02:49:03 PM

Quote from: Pffrt on May 11, 2020, 01:41:07 PM

With the recent halving of block rewards, the incentive will be lower than previous for miner. On the other hand, the cost for them will still be same which may not be profitable for a while (I'm not sure about this). If it is true, is it possible that some miners will just leave mining for a while until they get back in a equilibrium or in profit? What fo you think?

There is high possibility of it happening. Mining is a costly business to start and it also needs a good amount of recurring cost to maintain. So if bitcoin price isn't increasing now, a lot of small miners will be forced to leave mining because it will be cheaper for them to buy bitcoins from the market instead of mining it.

However, we haven't seen any signs of it. Let's keep a close watch on the situation. It seems bitcoin won't disappoint the miners.

Possibly, YES. There are a lot of bitcoin miners who are willingly want to stop because of the higher cost and minimal salary in mining. If you're a managing costly businesses, you should know how to manipulate and maintain it properly so that you don't have any problem when crisis occurs.

Halving is approaching and obviously, most of us will become affected by this, we will suffer from the halving of supplies and hopefully the demand becomes high. Hoping that the price of bitcoin reach its all time high again after halving. We need to look for a brighter side because we will all benefit about it once that there's a growth in its price.

Absolutely that there's a probability that bitcoin miners will leave their work in order to invest in cryptocurrency rather than working hard and waste their time mining minimal amount of bitcoin. Sometimes all we have to do is good decision making and wise thinking.