Quote from: Suzume on Today at 08:35:23 AM

BITCOIN BULL RUN BEGINS.
Same pattern as 2014-2017

source

Yeah, but so what?

Any fool knows that those squigglies can be drawn to show that a pattern seems to be showing itself.

Also known as: "past performance does not guarantee future results."

You need more explanation..

Oh but wait? You haven't said shit. you just repeated what someone else said.

Do you happen to have any ideas of your own? Even dumb ones?

Waiting....

Waiting.....

waiting..

come on

Quote from: Learn Bitcoin on Today at 10:23:48 AM

Quote from: JayJuanGee on July 29, 2023, 08:04:25 PM

Quote from: Learn Bitcoin on July 29, 2023, 08:49:17 AM

Quote from: Biodom on July 29, 2023, 02:46:03 AM

[edited out]

So even if a miner is hardcore Bitcoiner, they won't be able to mine if power costs raises and no price increase. we have a couple of months before the halving event. We may see price hikes after the halving event. Before the event, miners still get 6.25 per block and profitability will remain the same as phill described. But, let's say the halving event split the block reward but the BTC price did not double, the profitability may split as well. The question is, how many miners will continue mining without profit? After all, everyone is looking for profit.

It's called mining death spiral.

OMG!

OH no!

Everybody panic.

I am not a miner, so it's irrelevant to me.
No need to panic. I don't think every miners are bitcoiner.

What you were saying is relevant to everyone. You don't have to be a miner because if mining death spiral were to happen, we would all be screwed.

One thing to make many of us MOAR happier, is that we have already seen how incentives play out.

It's called the difficulty adjustment.

Have you heard of it?

Quote from: Learn Bitcoin on Today at 10:23:48 AM

Bitcoiners may continue mining even if it gets unprofitable to gather more sats for the future.

Yes, and some are going to stop, too.

Quote from: Learn Bitcoin on Today at 10:23:48 AM

I don't know if you get what I said in my previous post.

Yes. I got it.

Quote from: Learn Bitcoin on Today at 10:23:48 AM

If some miners stop mining, it's good for other miners because they will get high fees Wink

Phill might agree with me.

You never know about Phil, but I imagine he already knows about the difficulty adjustment, even if he is having some problems with the shrinking mining reward and he is also having some difficulties with price following hash rate.. and maybe some other bitcoin related things..

but since he laughed at my post, I get the sense that he understands difficulty adjustment as it relates to the mining death spiral.. even though sure he might agree with you on some of the levels of what you are saying...

Why pick on phil? This is not about phil.

Cheesy