Miners and revenue

[bitbitch]

So in July the reward (revenue) for mining a block halves from 25 to 12.5, and i wonder how this will impact the economics of miners and what they might be doing to up the price of bitcoin between now and then to  reduce the negative impact it will have on their viability?

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[OmegaStarScream]

So in July the reward (revenue) for mining a block halves from 25 to 12.5, and i wonder how this will impact the economics of miners and what they might be doing to up the price of bitcoin between now and then to  reduce the negative impact it will have on their viability?

Most logical thing to happen is that price is going to increase , Miners won't be selling at the same price because they will have less supply then before .
they won't be doing anything btw , It's how the market works . Demand-Supply , if there is same demand or more demand with less supply then before , price will logically rise .
Even if it doesn't work like that , I doubt that they will be selling it with the same price .

[bitbitch]

So in July the reward (revenue) for mining a block halves from 25 to 12.5, and i wonder how this will impact the economics of miners and what they might be doing to up the price of bitcoin between now and then to  reduce the negative impact it will have on their viability?

Most logical thing to happen is that price is going to increase , Miners won't be selling at the same price because they will have less supply then before .
they won't be doing anything btw , It's how the market works . Demand-Supply , if there is same demand or more demand with less supply then before , price will logically rise .
Even if it doesn't work like that , I doubt that they will be selling it with the same price .

Thanks.

The rate at which new coins are mined means that the new coins are but a mere fraction of the total already on the market. how would holding back their sale impact the price to that extent?

[NorrisK]

So in July the reward (revenue) for mining a block halves from 25 to 12.5, and i wonder how this will impact the economics of miners and what they might be doing to up the price of bitcoin between now and then to  reduce the negative impact it will have on their viability?

Most logical thing to happen is that price is going to increase , Miners won't be selling at the same price because they will have less supply then before .
they won't be doing anything btw , It's how the market works . Demand-Supply , if there is same demand or more demand with less supply then before , price will logically rise .
Even if it doesn't work like that , I doubt that they will be selling it with the same price .

Thanks.

The rate at which new coins are mined means that the new coins are but a mere fraction of the total already on the market. how would holding back their sale impact the price to that extent?

It will mainly depend on the whether or not the amount of coins in circulation will change. If the coins that arebmined all end up on sell order books, than the sell order books will grow smaller and price can increase.

If most coins on the order books are not freshly mined coins, the reduction in mining reward will have little impact on the price.

I think the latter is the case personally.

[Amph]

all the miners with 0.05 electricty and below with s7 asic, are safe even if diff will double and even after the halving

this mean that probably those with 0.1 are safe also, if they roi'ed

you can check this easily with a basic math calculation

[franky1]

the truth is that all miners wont survive. some die off and some get replaced. bitcoin mining is never a guarantee for profits and should not ever be thought of as a constant profitable income.

some miners wont be able to mine and so they will die off due to the reward changing.
some miners will continue mining even at a loss as they have bigger plans and other businesses (EG funded by VC or get fees from running exchanges)
some miners will gain due to the other miners who stop mining, meaning less competition and more chances of solving more blocks

thats one part of mining people need to be aware of.

separately and at an unpredictable time, the price will go up. but there is nothing programmed in code to ensure that bitcoins fiat value rises. there are many things that go towards what causes a price rise.
mostly related to human emotion and supply/demand.

usually when the halving happens people go into hoarding mode because they foresee a price rise, so there are less coins on exchanges. also the hidden swaps miners do usually away from public exchanges have obviously less supply too due to half the reward, so both public and private exchanges end up with less supply.
there is then a speculation of emotion due to the foreseen price rise. so demand increases. and its this lack of supply publicly and privately and the demand of users increase that will help to cause a price rise.
there are many other aspects that go into it. but that is the most laymen summary.

some miners can cope running at a loss until the price rises to bring them back into profit. and some cant.

again dont expect all of the same miners to be running after the halving. and dont expect the price rise to be predictable and set to a certain time. it will happen but no one can predict when and to what magnitude

[knowhow]

The demand and supply will work before the halving ,then big miners may hold their coins making pression to price up,but i believe after halving ends we will see bitcoin crashing back to 200 and slowly recover over the year ending at 600 or 700 dollars fake value stable.

[Jet Cash]

Maybe they will start filling blocks to get the transaction fees. This, together with SegWit, will make the Bitcoin network more efficient imho.

[leowonderful]

The price will go up for bitcoin, and maybe (JUST MAYBE!) all the bitcoin you mine today with your ultra-super-inefficient s1s or s2s or even 3s and 5s will make you cash. One can only dream of the day this happens, but when it does, I will be swimming in bitcoin.
The value of bitcoin will be around 800-900$ is my guess. It could be much lower or higher, but i'll look at this thread in june and laugh at how off I was.

[notlist3d]

The price will go up for bitcoin, and maybe (JUST MAYBE!) all the bitcoin you mine today with your ultra-super-inefficient s1s or s2s or even 3s and 5s will make you cash. One can only dream of the day this happens, but when it does, I will be swimming in bitcoin.
The value of bitcoin will be around 800-900$ is my guess. It could be much lower or higher, but i'll look at this thread in june and laugh at how off I was.

This does not compute on what your saying.  Your saying take a loss and run a miner at a loss.... in hopes of it being a gain one day.    It makes more sense to buy coins and leave the miner unplugged.  If your running at a loss on say a S1...   you might make money if you hold.

So that is before we take your speculation which is so far off in timeframe we cannot really have a good idea.  But I can tell you buy coins.... don't take a loss.  I have a policy of selling miners before I run  at a loss and buy coins.  Then eventually buy new miners if not right away buy new miners.  I don't understand run at a loss in hopes of gain.

[philipma1957]

The price will go up for bitcoin, and maybe (JUST MAYBE!) all the bitcoin you mine today with your ultra-super-inefficient s1s or s2s or even 3s and 5s will make you cash. One can only dream of the day this happens, but when it does, I will be swimming in bitcoin.
The value of bitcoin will be around 800-900$ is my guess. It could be much lower or higher, but i'll look at this thread in june and laugh at how off I was.

This does not compute on what your saying.  Your saying take a loss and run a miner at a loss.... in hopes of it being a gain one day.    It makes more sense to buy coins and leave the miner unplugged.  If your running at a loss on say a S1...   you might make money if you hold.

So that is before we take your speculation which is so far off in timeframe we cannot really have a good idea.  But I can tell you buy coins.... don't take a loss.  I have a policy of selling miners before I run  at a loss and buy coins.  Then eventually buy new miners if not right away buy new miners.  I don't understand run at a loss in hopes of gain.

Some mine to a btc addy.  They make untraceable  coins so mining works for them.

[notlist3d]

The price will go up for bitcoin, and maybe (JUST MAYBE!) all the bitcoin you mine today with your ultra-super-inefficient s1s or s2s or even 3s and 5s will make you cash. One can only dream of the day this happens, but when it does, I will be swimming in bitcoin.
The value of bitcoin will be around 800-900$ is my guess. It could be much lower or higher, but i'll look at this thread in june and laugh at how off I was.

This does not compute on what your saying.  Your saying take a loss and run a miner at a loss.... in hopes of it being a gain one day.    It makes more sense to buy coins and leave the miner unplugged.  If your running at a loss on say a S1...   you might make money if you hold.

So that is before we take your speculation which is so far off in timeframe we cannot really have a good idea.  But I can tell you buy coins.... don't take a loss.  I have a policy of selling miners before I run  at a loss and buy coins.  Then eventually buy new miners if not right away buy new miners.  I don't understand run at a loss in hopes of gain.

Some mine to a btc addy.  They make untraceable  coins so mining works for them.

True but you could also go through a few exchanges and coins, and make it pretty untraceable.  Or run a current gen miner if it is that important of being untraceable.

Running a S1 for most would be a decent loss vs just buying coins.   He mentions in hopes of future profit not untracable.  So I think he's better off buying coins with the money he would have loss if running at a loss.   And selling miner and again buying coins.