Post-halving - Will miners still operate?

[pandalion98]

I predict a decline in mining and pools shutting down one-by-one. Possibly, the difficulty will reduce.

What do you think will happen to the miners after halving?

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[traderbit]

I predict a decline in mining and pools shutting down one-by-one. Possibly, the difficulty will reduce.

What do you think will happen to the miners after halving?

They have no other choice rather than continue operating because there is always a hope that the bitcoin price will be increased so there will be still a profit for them. The price now i think is not bad for miners because there were mining also when the price was @200s so why not at $600 or $800s

[asriloni]

I predict a decline in mining and pools shutting down one-by-one. Possibly, the difficulty will reduce.

What do you think will happen to the miners after halving?

They have no other choice rather than continue operating because there is always a hope that the bitcoin price will be increased so there will be still a profit for them. The price now i think is not bad for miners because there were mining also when the price was @200s so why not at $600 or $800s

don't think so,they have many choice especially on mining altcoin,it's all depend on the miners and their environtment such as the electricity cost or anything related to this

[helloeverybody]

As long as they are making any profit at all i think they will continue. They have thousands in hardware that will be come obsolete unless they continue. So using that id say they have no choice unless they are mining at a complete loss with no speculation on bitcoin going up in price in the future. Although some will stop im sure, they will be more joe blogs at home.

[traderbit]

I predict a decline in mining and pools shutting down one-by-one. Possibly, the difficulty will reduce.

What do you think will happen to the miners after halving?

They have no other choice rather than continue operating because there is always a hope that the bitcoin price will be increased so there will be still a profit for them. The price now i think is not bad for miners because there were mining also when the price was @200s so why not at $600 or $800s

don't think so,they have many choice especially on mining altcoin,it's all depend on the miners and their environtment such as the electricity cost or anything related to this

If miners will stop then it will be a big issue for the bitcoin network/community because the there will be lots of unconfirmed transaction, delayed transaction etc. But i think that they will continue (not all of them) but they will still mine bitcoin. The price can't be doubled immediately but gradually they will still have profit.

[Gilligans]

Most miners would have to continue. As of right now though, I'm having quite a problem with one of the cloud mining sites like TopMine because of the fluctuating value of bitcoin. The rates of getting bitcoins is also changing, mostly slowing down.

[clickerz]

I predict a decline in mining and pools shutting down one-by-one. Possibly, the difficulty will reduce.

What do you think will happen to the miners after halving?

They have no other choice rather than continue operating because there is always a hope that the bitcoin price will be increased so there will be still a profit for them. The price now i think is not bad for miners because there were mining also when the price was @200s so why not at $600 or $800s

When the bitcoin price was @$200 maybe the difficulty is low and block reward is high during that time. Meaning they still can have profit. Now, we have to see what will happen since the reward will be cut to half and difficulty is high. But still, its the market/supply and demand that will dictate. If the miner is reduced,maybe  there's delay in transaction.If this happens,people will increase fees to be prioritize and processed.With this happening,IMHO it will attract some bitcoin miners again. Also, with the release of new models of mining hardware,hope it can mitigate the situation.

[ashkanb]

i think, in the end, it'll come down to whether it'll be profitable for them to mine based on the price/diff/electricity-cost, triangle.

some miners might have reserved a stash of coins to be able to sustain operation while market is adjusting.
as in they might continue mining, for some time, with loses, hoping it'll become profitable again.

[MingLee]

Miners are going to keep mining, everyone will keep doing what they've been doing, aside from the value going up so the miners can compensate for the smaller supply. A halving of the supply doesn't mean that everyone has to shut down, it just means they sell their Bitcoin for more.

It's like how gold is mined, because there is less available in the ground not everyone doesn't mean everyone shuts down, it means they sell it for more, to cover their costs.

[lumeire]

i think, in the end, it'll come down to whether it'll be profitable for them to mine based on the price/diff/electricity-cost, triangle.

some miners might have reserved a stash of coins to be able to sustain operation while market is adjusting.
as in they might continue mining, for some time, with loses, hoping it'll become profitable again.

True, and if the price does not cope for the regular miners they'd be forced to turn off, only the most efficient mining equipment will be able to operate. Worst case scenario? China would control all mining.

[pandalion98]

I predict a decline in mining and pools shutting down one-by-one. Possibly, the difficulty will reduce.

What do you think will happen to the miners after halving?

They have no other choice rather than continue operating because there is always a hope that the bitcoin price will be increased so there will be still a profit for them. The price now i think is not bad for miners because there were mining also when the price was @200s so why not at $600 or $800s

don't think so,they have many choice especially on mining altcoin,it's all depend on the miners and their environtment such as the electricity cost or anything related to this

The problem is that many (if not most) of the altcoins use an algorithm other that SHA, so the mining hardware would be useless.

So no, they can't simply "switch to another altcoin", especially if that alt does not use SHA. It's possible they can just switch to a SHA-algo altcoin, but the alternative would probably be of really low value and probably just a ripoff of BTC.

[Cuidler]

I predict a decline in mining and pools shutting down one-by-one. Possibly, the difficulty will reduce.

If the Bitcoin price after halving is around 400 USD, then I would expect big reduction in difficulty, maybe up to one half. But it seems Bitcoin price could be higher, around 700 USD so I dont expect significant reduction in difficulty.

The reason is when the price was around 400 USD, miners mined at a profit. Since then price increased, but the difficulty not increased so much - so still possibility for most miners to be profitable even after halving.

[socks435]

I predict a decline in mining and pools shutting down one-by-one. Possibly, the difficulty will reduce.

What do you think will happen to the miners after halving?

They have no other choice rather than continue operating because there is always a hope that the bitcoin price will be increased so there will be still a profit for them. The price now i think is not bad for miners because there were mining also when the price was @200s so why not at $600 or $800s

don't think so,they have many choice especially on mining altcoin,it's all depend on the miners and their environtment such as the electricity cost or anything related to this

If miners will stop then it will be a big issue for the bitcoin network/community because the there will be lots of unconfirmed transaction, delayed transaction etc. But i think that they will continue (not all of them) but they will still mine bitcoin. The price can't be doubled immediately but gradually they will still have profit.

Yeah i think they will still continue if more miners are stopping mining bitcoin i think they will notice that the difficulty are reduce and new miners will come.
And i think bitmain will make a new way to increase the hashrate speed of new releasing asic miners. but for now increasing voltage of asic still can be happen if they release s10..

[Cryptonitex]

I predict a decline in mining and pools shutting down one-by-one. Possibly, the difficulty will reduce.

What do you think will happen to the miners after halving?

They will only shut down if the price goes down.

[Divinespark]

Why on earth would miners stop supporting the network given the recent positive price action? I predict that difficulty will temporaily fall but recover pretty fast

[mobnepal]

There are two conditions;
1. miners will left mining, reducing difficulty so that existing miners can still make profit even with current price
2. price will be up by atleast 1.5x or more after halving, than miners will keep running with same difficulty or even more

I am sure after halving, only one of the above condition will exist.

[pandalion98]

There are two conditions;
1. miners will left mining, reducing difficulty so that existing miners can still make profit even with current price
2. price will be up by atleast 1.5x or more after halving, than miners will keep running with same difficulty or even more

I am sure after halving, only one of the above condition will exist.

I think these are the most probable conditions after halving.

[ardentvolcanoes]

I predict a decline in mining and pools shutting down one-by-one. Possibly, the difficulty will reduce.

What do you think will happen to the miners after halving?

In my opinion it would became a problem and a big issue especially to those bitcoin fans and enthusiast and also for those investors , and i think mining pools will affect the blockchain i cannot predict what will be the result of the bitcoin halving .

[Wendigo]

I think some miners will quit and some miners with bigger investments and stakes will stay and there will be a new balance between the price and the difficulty factoring in the new halved block rewards. Are there still Bitcoin hobbyist miners that mine at home? Well someone will still be there to mine the new blocks so there will still be people mining mostly professionally in China or wherever. Can the Bitcoin network function without miners?

[HagssFIN]

I'm a home miner from Finland and I'm planning to keep on mining after the halving.