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Author Topic: Bitcoin miners have collectively earned more than $2 billion  (Read 1231 times)
Slark
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April 13, 2017, 03:57:26 AM
 #21

and they continuously keep repeating (specially before the halving) that miners will quit because it is not profitable and bitcoin will crash, burn, die....

meanwhile we keep seeing the hashrate going up Wink
We need to prepare yourself for another wave of grumbling in 2020, when the next halving will hit us.
I wonder if by that time price of BTC will be so high to warrant lower mining rewards.
This is a wrong calculation if they use the price just now. But if it is calculated as how the price went up then it might be correct.
There is never correct price of BTC when you exchange Bitcoin to fiat. The 'correct value' you are talking about might be correct now.
But it will change in the next  2 or 5 years for sure. Articles like this are not trying to be ultimate source or knowledge anyway.
pooya87
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April 13, 2017, 04:05:31 AM
 #22

and they continuously keep repeating (specially before the halving) that miners will quit because it is not profitable and bitcoin will crash, burn, die....

meanwhile we keep seeing the hashrate going up Wink
We need to prepare yourself for another wave of grumbling in 2020, when the next halving will hit us.
I wonder if by that time price of BTC will be so high to warrant lower mining rewards.

the only thing that i have ever needed at times like this, is popcorn.
i look at everyone running around, possibly even dump their coins and price comes down while i buy at the bottom and then i sit back and enjoy the show while they are kicking themselves and my bitcoins are still in cold storage.

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Chikito
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April 13, 2017, 04:12:39 AM
 #23

average intake $ in bitcoin increased 0.5 billion $, is it possible this year again bitcoin will increase $ 0.5 billion? , 1 bitcoin has a $ 1,000 price it was quite luxurious to me, if bitcoin this year to penetrate the $ 1500 price, the possibility each year bitcoin will rise anyway.

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DoublerHunter
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April 13, 2017, 07:10:20 AM
 #24

https://qz.com/955697/bitcoin-btc-miners-have-earned-more-than-2-billion-from-rewards-since-2008/

Quote
Bitcoin mining has become a multi-billion dollar industry. Bitcoin miners have collectively earned over $2 billion in revenue since the cryptocurrency was established in 2008, according to an estimate from a new report published by the Cambridge Centre for Alternative Finance.


This is the reason why people are keep coming for bitcoin because of this kind of growth, in the past few years bitcoin was nothing and a lot of people are ignoring it but there are few people that saw this as an opportunity for them and grab it by investing and also mining and now bitcoin is a multi-billion industry and this is the proof that bitcoin is keep on growing and reaching even more growth for this incoming few years.
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