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Author Topic: + Difficulty + Halving – Miners = ¿…?  (Read 1230 times)
EcccBtc
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February 10, 2016, 10:49:45 PM
 #1



I’m a newbie and have a question:

1) If the difficulty increases exponentially.
2) If in the coming months "halving" will reduce to half the miner's reward.
3) If the projections of various spreadsheets indicate that it is not currently profitable mining.

How will continue to operate the system?






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February 10, 2016, 10:54:39 PM
 #2



I’m a newbie and have a question:

1) If the difficulty increases exponentially.
2) If in the coming months "halving" will reduce to half the miner's reward.
3) If the projections of various spreadsheets indicate that it is not currently profitable mining.

How will continue to operate the system?









Almost every user on this forum asking themselves the very same question mate. I believe there is no one who can actually give you an accurate answer. I personally think that bitcoin is strong enough for this challenge. I am not saying it will be easy but it will all be fine.


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February 10, 2016, 11:51:47 PM
 #3



I’m a newbie and have a question:

1) If the difficulty increases exponentially.
2) If in the coming months "halving" will reduce to half the miner's reward.
3) If the projections of various spreadsheets indicate that it is not currently profitable mining.

How will continue to operate the system?









Almost every user on this forum asking themselves the very same question mate. I believe there is no one who can actually give you an accurate answer. I personally think that bitcoin is strong enough for this challenge. I am not saying it will be easy but it will all be fine.
I agree, I think that we still have at least 3 to 10 halvings away from a point where we'd need to set up a solid fee market. But regardless I think that it'll happen naturally.
Miners aren't forced to run their operations, so in the end only the strong ones will survive.
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February 11, 2016, 12:28:06 AM
 #4

#1 is not quite correct. The difficulty depends on the amount of mining, and it can go up or down. It usually increases, but it has also decreased in the past.

When the block reward subsidy halves, the most inefficient miners will stop mining. As a result, the difficulty will drop and the more efficient miners that remain will continue to make a profit.

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February 11, 2016, 06:01:46 AM
 #5

This is why a lot of people refer to this as a incompleted experiment. We think some miners will have to stop mining, because their margins for profit will decline. When they leave the difficulty should decline and other people might start their rigs, because they might afford it at the lower difficulty.

We also hope transactions will increase and the miner's fee will increase to make up for the halving of the miner's rewards. It is too early to tell, but it will have a significant impact on mining farms operating on thin margins. You can help with this with support on the adoption and spreading the word. ^smile^

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February 11, 2016, 07:29:28 AM
 #6

the value will simply increase to face the halving, that's why we are talking about the halving pump, the new bottom after the pump will be enough to sustain the mining scene for the halving

so don't worry to much about it

the final point is that the miners will always have the same minimum profit for the miners there is no downtrend for the diff ever

the diff is always increase on average, the same as the value of bitcoin
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February 11, 2016, 12:07:29 PM
 #7



I’m a newbie and have a question:

1) If the difficulty increases exponentially.
2) If in the coming months "halving" will reduce to half the miner's reward.
3) If the projections of various spreadsheets indicate that it is not currently profitable mining.

How will continue to operate the system?








Don't worry I still don't understand everything as good as I wish I would ^^
1/No difficulty increases only if the amount of hashing power does. The more the hashing power the higher the difficulty.
2/Yes for this one
3/It's not profitable to mine alone, but big industries like Genesis find it very profitable

Answer is in question 1 Wink
If it's not profitable, some miners will stop, hence less hashing power, hence less difficulty, hence more profitable for remaining miners ^^


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February 12, 2016, 01:42:42 AM
 #8

These questions are also affected by the technology (computing power vs energy efficiency) and bitcoin price.

Halving is part of bitcoin so sooner or later fee will be the main reward- again will directly connected to the price/value of bitcoin.
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February 12, 2016, 02:19:35 AM
 #9

You have to hope that

1) the price of BTC goes up to compensate the halving
2) Technology increases at a rate that can help ease the costs of mining

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February 12, 2016, 12:04:40 PM
 #10

Can someone imagine what can influence a bitcoin to die suddenly?
Is it possible at all? What is most influential for price rise?
I will try to answer:
*Most influential for price rise are whales + news!
*Hashrate can go up or down but not influencing price at this moment,
but in future if something happened with rise of hashrate he could also influence the price.
*Adaptation will not bring price rise but instead better distribution and stability and using..
*Death of bitcoin can happen only with strong evidences that all this is lie and..
and this will be slow death, there is no quick death for bitcoin..

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February 12, 2016, 12:27:43 PM
 #11

Minning market will adjust itself, if difficult increase small miners will go off (at the same bitcoin price), if too much minners go off difficult will decrease. But bitcoin price could move up, in this case reward is higher (on dollars). With the halving its possible that bitcoin price moves up. It seems that we will have less minners but with bigger farms.
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February 12, 2016, 12:48:42 PM
 #12

Now everybody waiting for halving..
I'm afraid something can go wrong with this expectation?
That is life, if something can go wrong, it will go wrong..

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February 12, 2016, 12:57:28 PM
 #13



I’m a newbie and have a question:

1) If the difficulty increases exponentially.
2) If in the coming months "halving" will reduce to half the miner's reward.
3) If the projections of various spreadsheets indicate that it is not currently profitable mining.

How will continue to operate the system?









Almost every user on this forum asking themselves the very same question mate. I believe there is no one who can actually give you an accurate answer. I personally think that bitcoin is strong enough for this challenge. I am not saying it will be easy but it will all be fine.

Chinese business electricity  rates, which are almost zero, really zero if you payoff the right government man Smiley
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February 12, 2016, 01:10:00 PM
 #14

Can someone imagine what can influence a bitcoin to die suddenly?
Is it possible at all? What is most influential for price rise?
I will try to answer:
*Most influential for price rise are whales + news!
*Hashrate can go up or down but not influencing price at this moment,
but in future if something happened with rise of hashrate he could also influence the price.
*Adaptation will not bring price rise but instead better distribution and stability and using..
*Death of bitcoin can happen only with strong evidences that all this is lie and..
and this will be slow death, there is no quick death for bitcoin..

It is not possible.

Even after a major dump, price would go down as hell ok. And then? Miners will stop ok. But once miners stop btc will be easy to mine again, so will be mined again.

A dump would only make btc go back again. not kill it.
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February 12, 2016, 01:50:59 PM
 #15

For now, miners just doesn't have any choice but to keep things running. But profitability wise, I don't think they're still being profitable when compared to the hardware cost that they spent.

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February 13, 2016, 04:06:10 PM
 #16

What will happen when we reach peak of hashpower?
When invest in mining is no longer worth.
Will price go up or down?

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February 13, 2016, 04:48:25 PM
 #17



I’m a newbie and have a question:

1) If the difficulty increases exponentially.
2) If in the coming months "halving" will reduce to half the miner's reward.
3) If the projections of various spreadsheets indicate that it is not currently profitable mining.

How will continue to operate the system?

A group of elite miners will keep mining, anothers will keep running nodes to use the services, we can wait high prices, high difficulty, each time less miners,more services nodes until reach the limit only big corporations will does mining.

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February 13, 2016, 05:25:54 PM
 #18

For now, miners just doesn't have any choice but to keep things running. But profitability wise, I don't think they're still being profitable when compared to the hardware cost that they spent.
Yes and we can imagine if there will be no any increase before upcoming halving than many of them will leave decreasing difficulty and few miners being able to solve more problems with more reward. Thats why blockchain is self balancing network, it will keep on working whatever will be the value of coin.


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March 28, 2016, 02:10:13 PM
 #19

Miners aren't forced to run their operations, so in the end only the strong ones will survive
Aldo i hope that
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March 28, 2016, 03:24:33 PM
 #20

I myself believe that when satoshi creates protocol for bitcoin, he had thought about the relations between those three already. I can say that those mechanism implemented into bitcoin will help itself from collapsing. The difficulty will prevent the miners from mining but it may make bitcoin rarer a bit due to its difficulty (full speculation). However it can sure that halving will decrease the quantity of bitcoin but increase the value which will keep mining profitable and still attract many miners. All those three have some relations and it will help bitcoin survive
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