Forex Bitcoin Forum

Bitcoin Forex Forum

  • Forex Games
  • Forum
    • Advanced Search
    Log in Register
    Dear friends! All bonus programs on the forum are temporarily suspended.       If this is your first visit, be sure to check out the FAQ by clicking the link above. You may have to register before you can post: click the register link above to proceed. To start viewing messages, select the forum that you want to visit from the selection below.      
      Dear friends! All bonus programs on the forum are temporarily suspended.       If this is your first visit, be sure to check out the FAQ by clicking the link above. You may have to register before you can post: click the register link above to proceed. To start viewing messages, select the forum that you want to visit from the selection below.      
    Results 1 to 7 of 7

    Thread: Is it possible that number of miners will decrease for a while?

    1. 05-28-2020, 01:17 AM #1 Collapse post
      Alexthedefender04
      Alexthedefender04 is offline
      Senior Member Alexthedefender04's Avatar
      Join Date
      Nov 2017
      Posts
      557
      Thanks
      0
      Thanked 28 Times in 22 Posts
      SubscribeSubscribe
      : 0
      I was worried about that, I see an article before the halving event happeened who stated that the miner will be profitable if bitcoin price has a price around $10.000 when halving event has happened. So I just thinking that in this situation there will be some miner who leave their mining rig until the price of bitcoin back to high. They are an important part in bitcoin ecosystem because they have a function to validate every transaction but they will thinking to pay each cost if they turn on the mining rig to start mining bitcoin. Hopefully bitcoin price will increase again and reach new all time high.

      Though trading on financial markets involves high risk, it can still generate extra income in case you apply the right approach. By choosing a reliable broker such as InstaForex you get access to the international financial markets and open your way towards financial independence. You can sign up here.

      Reply With Quote Reply With Quote Thanks  
    2. 06-08-2020, 04:35 AM #2 Collapse post
      Aya
      Aya is offline
      Senior Member Aya's Avatar
      Join Date
      Sep 2018
      Posts
      931
      Thanks
      32
      Thanked 89 Times in 84 Posts
      SubscribeSubscribe
      : 0
      Quote Originally Posted by Alexthedefender04 View Post
      I was worried about that, I see an article before the halving event happeened who stated that the miner will be profitable if bitcoin price has a price around $10.000 when halving event has happened. So I just thinking that in this situation there will be some miner who leave their mining rig until the price of bitcoin back to high. They are an important part in bitcoin ecosystem because they have a function to validate every transaction but they will thinking to pay each cost if they turn on the mining rig to start mining bitcoin. Hopefully bitcoin price will increase again and reach new all time high.
      Some may really leave especially the small miners. If you know how much can mining cost, then you would understand why some might stop mining.

      Though trading on financial markets involves high risk, it can still generate extra income in case you apply the right approach. By choosing a reliable broker such as InstaForex you get access to the international financial markets and open your way towards financial independence. You can sign up here.

      Reply With Quote Reply With Quote Thanks  
    « Previous Thread | Next Thread »

    Subscribe to this Thread (2)

    Posting Permissions

    • You may not post new threads
    • You may not post replies
    • You may not post attachments
    • You may not edit your posts
    •  

    Forum Rules