Post
Topic
Board Bitcoin Discussion
Re: Will miners lose money after the halving?
by
DirtyKeyboard
on 15/10/2023, 08:30:00 UTC
The Bitcoin halving is a big event that happens every four years. It's when the amount of Bitcoin that miners get for verifying transactions is cut in half.

So, what does this mean for miners?

On the one hand, it means that they'll be earning less Bitcoin. This could make it more difficult for them to cover their costs, like electricity and hardware.

On the other hand, the halving could also lead to an increase in the price of Bitcoin. This is because the halving reduces the supply of new Bitcoin coming onto the market. If demand stays the same or goes up, the price of Bitcoin could go up.

So, will miners lose money after the halving?

It depends. If the price of Bitcoin goes up enough to offset the reduced mining rewards, then miners may not lose anything. However, if the price of Bitcoin does not go up enough, then miners may lose money.

It's also important to note that not all miners are created equal. Some miners have lower costs than others. These miners will be more likely to survive the halving, even if the price of Bitcoin does not go up significantly.

Overall, the halving is a complex event with both positive and negative implications for miners. It is important to consider all of the factors involved before making any predictions.

If your are miner what you do ? Smiley

Some claim that the price of BTC is defined by the price of mining that BTC.
Other's claim that the price of BTC is defined by the price one is willing to pay for the BTC.
Still other's claim that the price of BTC is defined by the price a BTC holder is willing to sell a BTC for.
Which is true?
In my opinion, it's the second listed.