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Author Topic: What happens to Chinese mining companies if there is no halving price rise?  (Read 1665 times)
stoat (OP)
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March 01, 2016, 02:53:34 PM
 #1

Will they go under?  Can they survive on half the amount of income?

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March 01, 2016, 03:02:56 PM
 #2

maybe they will switch to some alt know know you dont know what price will it be



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March 01, 2016, 03:03:29 PM
 #3

I think the major Chinese mining farms will surely have a plan b for when things don't go as they have planned. Don't forget that BTCC Pool is owned by the exchange BTC China. They have major influence over the price. Something tells me that Chinese exchanges will step in when there is no natural growth.
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March 01, 2016, 03:10:02 PM
 #4

They are part of the economy. If they all decide to hold their coins and slow down the release into the market, the price will go up.

Just like during the recession, many are not able to hold on to their valuables and have to sell them cheap. It all depends on the miners' holding power.
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March 01, 2016, 03:22:42 PM
 #5

Will they go under?  Can they survive on half the amount of income?

I think they can survive on half the income, the price remained around 200-220 for a lot of time last year, they did survived that and technically it will be just like that if price doesn't goes up.

25*220=5500
12*420=5040

Not that big difference, though the price should go up but if they decide to stop their operations, their place will be taken by others.

 

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March 01, 2016, 03:48:40 PM
 #6

They will be there always (no matter what). I'm guessing they could release new miners now (if they want to) but surely they will wait for the halving to go underway and see how it will affect their plans. Not sure what you meant exactly by "will they go under?" but I assume you mean, they'll be gone but I doubt. And lastly if miners happen to switch their mining rigs off, then the difficulty will go down and that will surely be a good news to those who will remain.

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March 01, 2016, 03:54:59 PM
 #7

I think the major Chinese mining farms will surely have a plan b for when things don't go as they have planned. Don't forget that BTCC Pool is owned by the exchange BTC China. They have major influence over the price. Something tells me that Chinese exchanges will step in when there is no natural growth.

I expect this as well.  They know what they are doing and most likely have a Plan B in place.  All of these things (effects of halving) were probably thought out well in advance.

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March 01, 2016, 03:59:44 PM
 #8

they can survive, the diff is slowing down, the last value was negative, they can be profitable even at $150-200(the math is simple here earning/consumption)

the consumption for their asic is ridiculous at 0.05 or less per kw/h, and the earning is still not that bad(almost $200 per month with a single unit)
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March 01, 2016, 04:02:07 PM
 #9

Keep mining I guess. Big mining boom started years ago and they knew the risk.

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March 01, 2016, 04:05:10 PM
 #10

Mayby this is a stupid question, but is this the first block halving ever?
If it has happened before then I don't understand why people always stress about it.

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March 01, 2016, 04:22:10 PM
 #11

thye will change to alt currency then from bitcoin, but i don't think that there won't be any price rise, i mean it will create panic(halving) so price will change anyway

 
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March 01, 2016, 04:50:20 PM
 #12

Mayby this is a stupid question, but is this the first block halving ever?
If it has happened before then I don't understand why people always stress about it.

It's not the first halving - the first was from 50 BTC to 25 BTC, in November 2012.

I don't understand why people stress about it, either.

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March 01, 2016, 05:29:25 PM
 #13

thye will change to alt currency then from bitcoin, but i don't think that there won't be any price rise, i mean it will create panic(halving) so price will change anyway

i doubt that they are going to switch just because of this halving since the price is not that low that they can't profit. $400 is still profitable for them.

also don't forget that they are all big whales that can change the market price however they want if it comes to that.

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March 01, 2016, 05:32:20 PM
 #14

So bitcoin will continue to be held to ransom by chinese miners?  Surely chinese miners going bust will be better for bitcoin in the long run

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March 01, 2016, 06:27:37 PM
 #15

Most of the large pools have very cheap or even free electricity. I don't expect the large miners to be affected negatively by the halving.

It's a moot point though any way as the price is highly likely to rise as the halving nears.

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March 01, 2016, 06:42:42 PM
Last edit: March 02, 2016, 11:04:51 AM by Amph
 #16

Mayby this is a stupid question, but is this the first block halving ever?
If it has happened before then I don't understand why people always stress about it.

because it is not the same thing, the first halving was not seen as a great thing because, it was from 50 to 25 and because the user base for bitcoin was very small back then, no comparison at all

each halving is much stronger than the previous one, you will se the next halving(6.25) will be much more prominent than this one
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March 01, 2016, 08:04:37 PM
 #17

Mayby this is a stupid question, but is this the first block halving ever?
If it has happened before then I don't understand why people always stress about it.

because it is not the same thing, the first havilgn was not seen as a great thing because, it was from 50 to 25 and because the user base for bitcoin was very small back then, no comparison at all

each halving is much stronger than the previous one, you will se the next halving(6.25) will be much more prominent than this one

Are you saying the risk increases (exponentially?) with every block reward reduction? I'm sceptical, to be honest. Post-halving, less efficient miners may stop rising - if that happens difficulty will fall, miners will (re)enter, difficulty will adjust, and the system will settle to a new equilibrium once again. What scenarios would prevent equilibrium?

I'm not sold on the idea that the first halving was no big thing, or that future halvings will be more prominent - but at this point we've only had the one halving, so we honestly don't know. I'd expect the importance of the block reward reduction to decline with each halving (as the proportion of block reward to transaction fees changes), but that presupposes a mature market in transaction fees. Why is it you think halvings will increase in strength?


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March 01, 2016, 09:21:42 PM
 #18

Mining farm can sell bitcoins at 800 USD only ... and what ?
bitcoin price rise ... because supply always have the last word in A CLOSED MONETARY NETWORK.
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March 01, 2016, 10:03:43 PM
 #19

The possible scenario of no increase is saying theres no demand.

Theres always demand esp when "fear" is put into the market - I`m not talking about the regular people who are informed with bitcoin. I`m focusing on people who have no idea what halving is or anything in general like that guy who sold his house for bitcoin.

When those type of people see buy orders come in basically..but lets say the worst case scenario for the mining companies is only down sizing rigs and eat a loss and try to make it back in some other way.
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March 02, 2016, 03:28:48 AM
 #20

What will happen to wesrness company price depends from cost of input China can organise free electricity
if thay will like thay can own all btc miing becouse thay are able to colaborate westerness only fight each other

 
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