Sooooooo im thinking of buying myself a good ASIC miner or any Bitcoin miners at around 3-5k USD and ive been searching for a while now but my i just had a recent thought of the prices. Im aware of the halving coming in the next 100 days or so. But generally speaking since the Block Reward will be cut in half to 3.125 BTC, wouldn't it affect the price of the Bitcoin miners in general?
I don't think it would affect the price of ASIC units after the block halving but if the value of Bitcoin increases or the profitability of that unit increases I'm sure the value of the mining units outside the manufacturer also will rise.
But im also wondering wouldn't the price drop and it would be a good time to buy those miners then?
That's not a good time to buy mining units after block halving because there is a possibility you can't find available units when the profitability of these units increases. After all, I'm sure no one will sell or Bitcoin mining units may become more expensive at that time.
Since the Block reward isn't the same it would require people to get better miners to mine the same amount they use to before? Or just the fact that in general every halving we tend to have new miners made for to stay efficient as the miner diffuclty keeps rising up?
I think it depends on the profitability of the unit if the price of bitcoin increases and you have a very cheap power cost you don't need to buy new units unless the price of bitcoin drops and profitability drops.