Post
Topic
Board Bitcoin Discussion
Re: Is it possible that number of miners will decrease for a while?
by
Kakal
on 20/05/2020, 10:27:15 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?

Generally majority has that perception that the halving will affect the reward and also believed that most miners will drop for a while but with my observation and the current rise in the price of Bitcoin, I doubt if the halving will have that much effect on miners as the price of Bitcoin recently is encouraging and majority will still stick to mining