if the network knew the hash power was to get 2x competition(network doubles where half is a colluding group).. meaning older miners get half as much sats... its the same as a halvening event in regards to miners prospects.. we already seen miners re-evaluate global bottom value change from $25k per btc to now being ~$50k bottom due to reward halving this year
so it ends up the same thing. if miners have X cost but getting X/2 rewards then they wont sell the rewards at X they would only sell for x*2 to break even
then new users wanting to get into bitcoin but now unable to mine due to al batches for Y months are sold out. will work out the prospective costs of mining and then just buy coin on the market.. again causing a market rise effect
Wait, are Bitcoin miners able to sell their mined bitcoin to a higher price than the market price?? Who are buying these coin? It would make sense that the Bitcoin stakeholders as a whole could benefit buy making sure that the miners get enough rewards to continue keeping the hash rate high, but it highly surprises me if a few Bitcoin investors are willing to selflessly make sacrifices on behalf of the group in order to make this happen.?