I was referring to the difficulty adjustment. With such a high adjustment we can expect even higher fees for transactions.
Ok, I see your point now, and I think it is based on this assumption you made in the first post
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as there will be fewer machines mining!?
You base your assumption on what seems to be rational actions, whereby, with profits this tight, you would expect higher difficulty would drive some miners away, but minimg is far from rational.
Look at the previous epcoch, we had 7% increase, does it seem like there are fewer miners today? Nop, in fact it seems there are 6% more hashrate, so we finding 6% more blocks than what we should, there is no guarantee the next diff would be any different.
As i said in my previous post, it is crazy American money, you can not predict anything, large corps could be mining at a loss and still manage to get investors to fund them, i see no end to this madness, the halving will stop some of it, but not all.
Many of us have endless tax write offs and Jan 1 is a cut off date.
So dec means spend spend spend.
lots of other angles. I went to college for accounting I got my degree in 1989. I have three plus books on tax law. Just the federal tax laws. Never mind that the states have a ton of laws on taxes. write offs and angles to play are next to endless.