Post
Topic
Board Bitcoin Discussion
Re: Is it possible that number of miners will decrease for a while?
by
rosepetals
on 13/05/2020, 02:40:04 UTC
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?
Maybe it's very possible that they will leave since mining is very expensive and block rewards would lessen.Some might stay because they are also being paid in every transactions made by holders.Just my opinions mate.